Mining Stocks Depressed, CPO can contrast

JAKARTA, KOMPAS.com - Stock markets in the Asian region, on Tuesday (02/19/2013) morning opened varied with a tendency to strengthen. This is a positive sentiment amid investor profit-taking likely to suppress Composite Stock Price Index.


Strengthening Asian markets driven by the release of the performance of Bridgestone Corp. were above expectations. This morning oil prices slid slightly to the level of 95.6 dollars per barrel. Research Samuel Securities Indonesia JCI memerkirakan today moves horizontally with a tendency to weaken as correction based on some particular metal mining as world metal price correction.

However, some stocks of CPO will get positive sentiment from Rotterdam CPO prices strengthened overnight. Level of support at the level of the index 4585.

European stocks moved lower in overnight trading performance factoring release some issuers are below expectations and the ECB governing statement that the EU economy will recover very slowly with some particular risks weakening consumption and political crisis.

While the U.S. market closed for a holiday Presidents' Day. World metal prices weakened significantly in overnight trading down by about 2.8 percent nickel and tin fell sektiar two percent. while the Rotterdam CPO prices continue gains in two consecutive days and gained 6 percent to 880 U.S. dollars per ton.

Sources: http://bisniskeuangan.kompas.com/read/2013/02/19/08584828/