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, 26 September 2013

Morning Dew - 27 September 2013

Key Points
  • JCI ended flat on Thursday as the selling pressure subsided for now. The outlook still remains gloomy however, as the index now hovers below its EMA-band. Nearest resistance is now seen at 4470 while the next one is at 4575. On the other hand, 4353 will serve as the current, nearest support line, followed by 4207. For Friday, the index is still seen under pressure, but is expected to continue to stay around 4300-4545.
  • Positive and negative catalysts met on Thursday as jobless claims number for the recent week has been reportedly declined unexpectedly while budget battle fought in Washington still offer no resolve, risking the US another shutdown (which had happened several times before). Despite the current impasse, the budget deadlock is most likely to be resolved soon, just like what happened earlier last year.
  • No change in the recommended stocks. MDLN and PGAS are leading the way with 1.47% and 0.98% gains, respectively, while ACES broke even and ARNA being the worst performer with 5.68% losses for now.
  • As the week draws to a close, we expect Friday will be a rather quiet session as the market may prefer to wait until the budget deal is agreed, or at least offering clearer picture. Today's trading range is expected between 4300 and 4500.
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