Induced JCI, Rupiah Ready Stronger

The rupiah is expected to rise slightly against the U.S. dollar (U.S.). The increase was aided by the condition of the stock market (JCI) which re-touch new high record with the impact the buying of foreign investors.

Inflows of foreign funds provide a little more confidence in the country so that the rupiah had aided the rate of increase.

On the other hand, the global sentiment contributed to the appreciation of the rupiah. News New Zealand dollar’s rise after the planned increase in interest rates and housing prices rise in China’s impact on the appreciation of the yuan.

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NOBU Stock Price Jump Up to Rp460

Nationalnobu Bank Tbk PT (NOBU) listed his name on the Indonesia Stock Exchange through an initial public offering of shares or initial public offering (IPO) by the issuer code NOBU. The price set for the stock NOBU at Rp375 per share.

At the opening of the first session the stock trading at 09.00 am, the stock opened at NOBU highest price Rp460 from IPO price. In addition, the shares are NOBU also had the lowest level that is Rp425 per share. While the value of Rp1 billion stock transaction with a frequency of 70 times and trade volume of 5,000 lots.

We hope to make a positive contribution in the national company and optimize our loan growth in the future.

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Weekend, JCI Opened Rebound

Composite Stock Price Index (CSPI) managed to rebound in opening trade today. Composite Index edged up 6.13 points, or 0.12 percent, to 5084.81.

LQ45 index rose 1.86 points, or 0.2 percent, to 857.93, IDX30 index rose 0.83 points, or 0.2 percent, to 437.49, and the Jakarta Islamic Index (JII) rose 1.34 points, or 0.2 percent to 682.83.

JCI opened with 73 stocks rose, 43 stocks fell and 118 shares stagnant. This morning, there have been transactions amounting to Rp246, 906 billion from 217.749 million shares traded. In addition, foreign investors are monitored to sell clean amounting to Rp90, 613 million.

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Fuel Up, RI Rating Will Rise Again

Government policies regarding price hike of fuel oil (BBM) subsidy will result in an increase in Indonesia’s debt rating by rating agency Standard & Poor’s (S & P).

This was conveyed by Economic Observer Standard Chartered Ichsan when met at the Sheraton Hotel, Yogyakarta. If the government so to raise subsidized fuel prices, the S & P will raise Indonesia’s debt rating.

Before S & P downgraded the debt of Indonesia from positive to stable, because the government does not go to realize the increase in the price of subsidized fuel.

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8 Blue Chip Stocks to Look For

Composite Stock Price Index (CSPI) today formed a piercing pattern, the pattern indicates reverse direction (bullish reversal) in today’s trading. JCI is expected to move in the range of 5052-5140.

With the formation of the pattern, then the investor can consider some stocks today.

The blue-chip stocks that can be considered, among others, shares of PT Mitra Adiperkasa Tbk (MAPI) with a range of Rp8.650-Rp9.300, forming Two White Soldiers pattern formed on the MAPI indicating bullish continuation. Buy Rp8.900.

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