DISCLAIMER

This research report is prepared by PT MINNA PADI INVESTAMA Tbk for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).

Kamis, 13 Juni 2013

Morning Dew - 14 June 2013

Key Points
  • Stocks got hammered again on Thursday as selling wave continued, taking the JCI to as low as 4568.12 before it settled the day at 4607.66. Near-term support stays at 4510 with subsequent support zone between 4465-4444. Recovery attempt may still be capped at around 4720.
  • Bank Indonesia took the market by surprise as it raised key interest rate by 25 basis points to 6%. Previously this week, the central bank had also raised its overnight deposits rate while saying that it is ready to buy government bonds in a bid to keep the rupiah steady.
  • The Fed factor continues to dominate the market. US retail sales data showed sales advanced better than expected while the jobless claims data hinted that the labor market outlook has also improved a bit.Friday is seen most likely to be positive. Three new recommendations have been filled as well (BBCA, BMRI, and BBRI)
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Diposting oleh di 15.09
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