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IHSG drops 0.19 points in Monday`s market

28th January 2013 | 976 Views
Jakarta (ANTARA News) - The Composite Stock Price Index (IHSG) opened slightly lower on Monday even though there were positive sentiments in the Asian market.

IHSG dropped 0.19 points, or 0.01 percent, to 4437.41 points and LQ45 fell 0.05 points, or 0.01 percent, to 758.42 points.

"The Asian market opened higher on Monday morning. This was supposed to increase the value of the IHSG," said Samuel Securities Analyst Yualdo Yudoprawiro, here, on Monday.

He added that a stable rupiah could also increase the value of IHSG.

"The banking and property sectors are expected to strengthen, unlike the mining sector," he said.

According to the head of e-Trading Securities Research, Betrand Raynaldi, IHSG trading is expected to increase today. This expectation is based on the Moving Average Convergence Divergence (MACD).

"The BEI index is projected to remain in the range of 4,380-4,480 points," he said.

He recommended some stocks - Adaro Energy (ADRO), Bank Mandiri (BMRI), and Telekomunikasi Indonesia (TLKM).

Hang Seng rose 78.69 points, or 0.33 percent, to 23,659 points; Nikkei-225 fell 54.45 points, or 0.50 percent, to 10,872.20 points; and Straits Times rose 5.81 points, or 0.18 percent, to 3,275.12 points.(*)