JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today, as gains in some stocks are likely to be offset by falls elsewhere on profit-taking following recent weeks rally, analysts say.
On Thursday, the Jakarta Composite Index (JCI) closed down slightly by 4 points or down 0.09 percent to 5,419 after trading within range of 5,397 and 5,455 points. As many as 130 shares rose, 171 fell and 112 stocks were stagnant. Trading value reached Rp8.05 trillion.
In Asia, Kospi index gained 0.2 percent, Hang Seng edged up 0.39 percent and Straits Times edged down -0.2 percent.
In Europe, most stocks recorded gains, with DAX rose 0.67 percent and CAC in France added 0.74 percent and FTSE100 lost 0.22 percent.
In the news, IDX suspend Bank Pundi Indoensia (BEKS) today as part of move to cool down the shares trading. IDX includes Chandra Asri Petrochemcial (TPIA) into category of “unusual market activity”.
Fitch Ratings set final rating of BB- for PT Lippo Karawaci Tbk (LPKR, Rp1.165) bonds worth US$260 million with coupon rate of 7 percent and due in 2022. (*)