Big Cap Stocks dive, stock index down 23 pts

Selasa, 19/07/2011
Jakarta - Composite Stock Price Index (CSPI) slid 23 points because the position has been overbought area. Large cap stocks hit by profit taking.

Opening trade this morning, stock index trimmed 12.791 points (0.32%) to a level 4020.183 because it was entered overbought area on gains in the last few trades. Correction Asian bourses also helped drag the stock index into the red zone.

Selling pressure leading shares hit a high position already. Correction also hit two-tier stocks, and ultimately deliver the JCI to its lowest position at 4005.533.

At the closing session of the trading on Tuesday (19/07/2011), JCI trimmed down 23.376 points (0.58%) to a level of 4009.598. While LQ 45 Index slid 6.546 points (0.92%) to a level of 708.077.

Foreign buying interest began to fade, slowly foreign investors began to pull their funds from capital markets. Blue chip stocks like ASII, HMSP, GGRM and PTBA much exposed to selling pressure.

Stocks try to put the brakes on property-based attenuation strengthen exchanges with more than 1%. But what power the majority of the sectoral indices hit a deep correction.

Trade moderate with a frequency run 62,333 times on transaction volume reached 2.861 billion shares worth Rp 2.236 trillion. A total of 103 stocks up, 120 stocks down, and 91 shares stagnant.

Singapore Exchange is still the most prominent among the regional bourses affected by the correction is quite deep. Sentiment debt crisis in the U.S. and Europe that has not abated still haunt traders.

The following conditions bourses in Asia until noon today:


* Shanghai Composite Index fell 13.15 points (0.47%) to a level of 2803.53.
* Hang Seng Index fell 63.99 points (0.29%) to a level of 21740.76.
* Nikkei 225 index decreased 55.29 points (0.55%) to a level of 9919.18.
* Straits Times Index edged up 6.45 points (0.21%) to a level of 3085.40.


Stocks are up significantly and entered the ranks of top gainers include Dian Swastatika (DSSA) up to Rp 300 to Rp 15,300, Natural Resources (KKGI) up to Rp 200 to Rp 5800, Eagle Crown (EMTK) rose Rp 165 to Rp 2125, and Indosiar (IDKM) up to Rp 150 to Rp 1380.

While stocks are down quite deep and into the category of top losers among others, Astra International (ASII) dropped to Rp 950 to Rp 71,650, HM Sampoerna (HMSP) up to Rp 500 to Rp 29,500, Gudang Garam (GGRM) up to Rp 300 to Rp 50 650, and Bukit Asam (PTBA) fell Rp 250 to Rp 20,650.

Source : http://finance.detik.com

Posted in: Indonesia News