First Asia Capital: Index moving in a narrow Range

Jakarta -for TRADE on the move yesterday. After rectified 16 points, TRADE successfully closed up 19 points at 4121,556. Relatively quiet trade running with the value of transactions in the regular Market only reached Rp. 2.11 trillion, slumping versus average daily last week which is still above Rp. 3 trillion. In the middle of sepinya transactions, foreign purchases still do reach IDR 134,1 billion. Strengthening sustained increase in stock index especially ASII, UNVR and SMGR.

Strengthening index yesterday was also in line with reinforcement that occurs in a number of Asian stock exchanges. Last night global stock market developments especially in the Euro zone and the US moves vary. The main stock index of eurozone moving in positive territory, while the major index stocks Wall Street still closed relatively flat. DJIA index rose 0.02% in thin 13172,14. Index S&P is down is barely a points at 1402,93. U.s. Economic Data that came out last night was relatively better than estimates. U.S. July retail sales up 0.8%, better than the 0.7% in June and was higher than the previous estimate of 0.3%. As for the eurozone, economic growth of 0.3% Germany 2Q12 also provides a positive sentiment. The growth rate is better than the previous estimate of 0.2%.

In trading today, the movement of TRADE is estimated to be still vary with narrow ranges amid lack of transaction value. Will TRADE on the move with the range of 4100 and 4150 with limited strengthening trend.

TRADE: S1 S2 4100 4150 4180 4083 R1 R2

Stock Options

ASII-7100, 7000 7400 Buy SL
BBNI 3700-3825 TB, SL 3675
MDLN 440-470 TB, SL 435
12800 SMGR-13200 TB, SL 12650
PGAS 3600-3800 BoW, SL 3575
EARTH 1000-1090 BoW, SL 990
AROUND 1470-1570 TB, SL 1460

(ang/ang)