Indonesia Stock Shadowed Selling Pressure

Headline - The composite stock price index (CSPI) in Indonesia Stock Exchange is expected to again depressed in trading today, after successfully strengthened at the end of the transaction yesterday.


JCI at the close of trading Monday, March 25, 2013, has rebounded since climbed 54.74 points, or 1.15 percent, at 4777.90. In the two previous transactions, the index ended corrected positions respectively in 4723.15 and 4802.66.

According to an analyst of PT MNC Securities Edwin Sebayang, Dow Jones fall overnight due to the emergence of new concerns about the banking system and the euro zone inflation data waiting action in March, potentially pushing JCI moving horizontal and inclined tinged take profit (profit taking) investors in trading today.

"In addition, the small contribution of foreign listed on the Stock Exchange, reflected in the shrinking net buy (net purchases)," he told VIVAnews in Jakarta, Tuesday, March 26, 2013.

Purwoko Sartono, an analyst at PT Panin Securities Tbk also argues that JCI today still overshadowed by fears of high inflation in the foreseeable future.

"The rise in some commodities, the increase in electricity rates and fuel government policies related to overshadow the index movement," he told VIVAnews, in a separate place.

Composite index rose significantly in yesterday's trading, according to Purwoko, due to positive news bailout agreement (bailout) to Cyprus.

Sources: http://bisnis.news.viva.co.id/news/read/400262