Movement of the Composite Stock Price Index (CSPI) August 2013

Movement of the Composite Stock Price Index (CSPI) on Thursday (01/08/2013) will be affected sentiment and economic data in the U.S. country. PT Sinarmas Securities analyst, said Reza Mihardja, stock index will move higher in the range of 4570-4653. 

Foreign Reserves inflation data and Indonesia will be the main sentiment for the stock index movement. In addition, the stock trades on Thursday this week is influenced by the ADP Employment Report and the Employment Cost Index of the United States. "U.S. GDP figures are expected to rise 1.1% qoq and monetary policies of the Fed on Wednesday will determine the continuation of the U.S. stimulus program, and this sentiment will affect the stock index," said Reza, Wednesday (31/07/2013) . 

Meanwhile, Senior Analyst PT HD Capital Tbk, Yuganur Widjanarko said, the revised projection of inflation in July by Bank Indonesia (BI) which is higher than the 2.67% to 2.87% caused a sell-off re-emerged in JCI. "If they can withstand the negative sentiment index below 4600 then there will be a risk of further decline to close the price gap under 4,475," said Yuganur.

 Furthermore, he said, if it happens then the recommendation is selectively buy on weakness in large cap issuers and tier two. JCI predicted to be in the level of support and resistance 4.735-4.850-4.950 4475-4350. For stock recommendations Padak Thursday this week, Yuganur recommend, WIKA stocks, BKSL, TLKM, and ASII. "Strategies for buy four shares," said Yuganur. Meanwhile, Reza said, the stocks that can be considered include stock BBRI, BBCA, KLBF, and WSKT on stock trading Thursday this week.