Magnus Capital: Prone To Profit Taking Index

Jakarta -At trading yesterday, TRADE on the move strengthened and closed up 19.02 points to as low as 4121.55 with transaction valued at Usd 2.53 trillion and foreign net buying worth Rp Gazette 127.28 billion. Volume of transactions having penurunanmenjadi 5.5 million. Reinforcement of the index along with the positive global exchange and positive sentiment about economic stimulus speculation Japan and Germany and France economic growth better than expected.

Overnight the Dow Jones index closed up thin 2.71 points to level 13172.14 data release retail sales increased 0.5% in U.s. in July and Germany's economic growth and the outside estimates, France failed to become a catalyst Activator index.Investors still tend to wait & see and alarming crisis which Europe and prolonged growth slowing in China that might be bad for the company's financial performance reports.

Regional index this morning opened mixed as a result of speculation against the weakened tend to release data on Us tonight are expected to weaken.It is expected to provide enough negative sentiment for the movement of TRADE.

In technical, is expected to move the index tends to be weakened in the range mixed 4083-4140. Stochastic signal form the death cross and prone to profit taking.

(ang/ang)

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)

Mega Capital: Index is expected to Mix to High

Jakarta -TRADE on the rise as positive regional market sentiment. Indonesia's stock market return verdant along with optimism in regional markets, which TRADE on the trade yesterday closed up 0.46 percent to 4,121 level. Foreign investors net buying position of notes INR 134 billion, and if counted from the beginning of the year the position of net buying of foreign investors has returned to as low as INR 8.2 trillion. The stock index leader especially big-cap stocks with exposure to domestic market such as UNVR (+ 2.2%), ASII (+ 1.4%) and (+ 3.6%) SMGR. While it shares a laggard stock index is TLKM (-1.1%), BBRI (-0.7%) and Earth (-2.8%). From the regional markets, the minutes of the Bank of Japan meeting indicating Japan's monetary authorities are still considering a number of measures in order to encourage economic growth be positive catalyst for the market. Moreover, investors also expect data to Retail Sales growing 0.3% American mom become a stable American economic signals start. Yesterday indek s Nikkei 225 closed up 0.3%, while the Hang Seng + 1.1%, Shanghai + 0.3% and + 0.8% Kospi.

Wall Street weakened thin. Most of the American stock market weakened in thin overnight trading, where indices S&P 500 closed down 0.01% to 1,403 and Nasdaq – 0.18% to the DJIA index rose 3,016 while thin 0.02% to 13,172. The index had increased at the beginning of trading session after Retail Sales data in the month of July rose 0.8% (EST. + 0.2%, prior-0.4%), but experienced a correction triggered by the stock shares as Hewlett-Packard technology (-0.8%), Cisco (-1%) and Intel (-0.8%) Inc. Other economic Data that was released is the Producer Price Index rose 0.3% mom (EST. + 0.2%, prior + 0.1%). Tonight the market will await data on Consumer Price Index (EST. + 0.2%) and Industrial Production (EST. + 0.6%). From Europe, GDP data incorporated in 17 countries of the European Union experienced a decrease of 0.1% qoq in the 2Q12. More details, Germany'S GDP still growing 0.3% qoq, while France + 0.0% qoq, Italy – 0.4% qoq, Spain – 0.4% qoq and Portugal – 1.2% qoq.

For index, are likely to be Strengthened (4,095 Range — 4.112). IHSG briefly test the support level in equidistant channel in trading yesterday, the 4.080 but haven't been able to get through the index looks closed and strengthened resistance level at 4,120 meguji, index it is possible to resume resistance level on the penguatannya heading and continued its consolidation 4.112, but if prices weakened possibilities can test turned the support level at the nearest 4,095. Today an estimated index moves back with a tendency for strengthened.

(ang/ang)