OSO Securities: IHSG Masih Jenuh Beli

Jakarta - JCI yesterday (18/01) closed up 22.95 points (+0.58%) to a level of 4001.07 with a number of transactions as much as 5.60 billion shares and value of transactions amounting to Rp6, 86 trillion. Almost all sectors of the stock strengthened except Agriculture, infrastructure, trade and property sector. Stocks that become the leading movers for JCI are: ASII, BBRI, BMRI, CPIN and UNVR.

Meanwhile, the shares that become the lagging movers are: UNTR, TLKM, EXCL, JSMR and AALI. Global Market, Yesterday the Dow Jones rose 0.36% (12624.00), the S & P 500 rose 0.49% (1314.50) and the Nasdaq rose 0.67% (2788.33). US indexes rose after the release of jobless claims data that is at lowest level since 4 years ago. Progression in the US Job Market, will improve the economy this year.

JCI Prediction. Technically JCI will still continue its gain. Closing yesterday has penetrated strength resistance at 3998. Indicator MACD histogram regained some strength, MFI indicator is still not seen the distribution. However, we advise investors to remain cautious because JCI is still in overbought area. Today is a weekend that usually occurs profit-taking. Today we estimate that JCI will move at the level of 3977-4052.

(ang/ang)