Indonesia stocks estimated keep rising on window dressing

Bisnis.com,30 Des 2010, 01:48 WIB

JAKARTA: Jakarta Composite Index (JCI) extends predictably its strengthening in the last trading day of 2010 and runs within the range of 3,675-3,725.An analyst at Eko Capital Sekuritas Cece Ridwan informed that the Indonesias Index may move positively supported by positive movement of regional markets because of quite significant closing day in USs markets.In the last trading day of 2010, the commodity and banking sectors as well as Astra Group, Nickel, and tin supports the indexs movement.However, a window dressing effort still shadows JCIs pace. Since the opening section, the index kept to stay in a positive territory. Even, it reached at 3,704 before closed up at 3,699.22 or a 1.10% growth.A cheap share valuation attracts market players to hunt blue-chip shares. Even though, the transaction was still low by IDR3.2 trillion, they have never closed yet their desire to compile the shares.Fundamentally, Indonesias economic growth in 2011 is predicted to touch 6.4% topping this years growth by 5.8%. the growth is also contributed by government plan in 2011 to escalate infrastructural expenditure budget to IDR125 trillion or a 15% soar of this years budget. (t01)

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