Jakarta (Antara Bali) - The Indonesian Composite Index (IHSG) in the Indonesian Stock Market (BEI) has opened weakening as pushed by oversold on Wednesday.
The IHSG has slumped to 20.28 points or 0.49 percent to 4,143,74, while bluechips LQ45 weakened 5.16 points or 0.75 percent to 686.24 level.
According to an analyst at HD Capital Yuganir Wijanarko, on Wednesday, BEI index is continuing a downward trend as the dealers behavior to sell after the market strengthened a day before, Tuesday, September 3.
"The oversold has stopped the BEI index movement to get higher, hence all marketers have to careful to invest since the unforeseen market still continue," he said.
Wijanarko recommends some stocks to be spotlighted on Wednesday's market, likePT Kalbe Farma (KLBF), PT Perusahaan Gas Negara (PGAS), PT Astra International (ASII), and PT Timah (TINS).
Meanwhile, the Samuel Security's Analyst Benecditus Agung said the weakening of BEI as well as Asian market on Wednesday, were also affected by negative sentiment from the higher possibility of the US to send military intervention to Syria.
"While the domestic negative sentiment, like rupiah weakening to US dollar, has improved the pressure to BEI," he said.
However, Agung added that there are some stocks that got benefit from the rupiah depreciation, one of which is crude palm oil (CPO) that predicted to rebound on this Wednesday.
The regional market was also weakened on Wednesday opening, some of which are Hang Seng down 161.14 points (0.72 percent) to 22,233.44, Nikkei-225 down 94.77 points (0.66 percent) to 13,885.54 and Straits Timed down 29.82 points (0.98 percent) to 3,024.63 level. (*/DWA)
COPYRIGHT © ANTARA News Bali 2013
The IHSG has slumped to 20.28 points or 0.49 percent to 4,143,74, while bluechips LQ45 weakened 5.16 points or 0.75 percent to 686.24 level.
According to an analyst at HD Capital Yuganir Wijanarko, on Wednesday, BEI index is continuing a downward trend as the dealers behavior to sell after the market strengthened a day before, Tuesday, September 3.
"The oversold has stopped the BEI index movement to get higher, hence all marketers have to careful to invest since the unforeseen market still continue," he said.
Wijanarko recommends some stocks to be spotlighted on Wednesday's market, likePT Kalbe Farma (KLBF), PT Perusahaan Gas Negara (PGAS), PT Astra International (ASII), and PT Timah (TINS).
Meanwhile, the Samuel Security's Analyst Benecditus Agung said the weakening of BEI as well as Asian market on Wednesday, were also affected by negative sentiment from the higher possibility of the US to send military intervention to Syria.
"While the domestic negative sentiment, like rupiah weakening to US dollar, has improved the pressure to BEI," he said.
However, Agung added that there are some stocks that got benefit from the rupiah depreciation, one of which is crude palm oil (CPO) that predicted to rebound on this Wednesday.
The regional market was also weakened on Wednesday opening, some of which are Hang Seng down 161.14 points (0.72 percent) to 22,233.44, Nikkei-225 down 94.77 points (0.66 percent) to 13,885.54 and Straits Timed down 29.82 points (0.98 percent) to 3,024.63 level. (*/DWA)
Editor : Dewa Sudiarta Wiguna
COPYRIGHT © ANTARA News Bali 2013