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Fundamental Report

Global stock markets traded northwards on Friday: Asian, EU and U.S. markets edged up by 0.5% (140.0), 2.1% (345.2) and 0.5% (17,810), respectively. Japanese equities finished in positive territory on Friday, as Prime Minister Shinzo Abe dissolved the lower house of parliament in preparation for next month's snap elections, setting the stage for an election in which he will seek a fresh mandate to continue implementing his “Abenomics” policies. Meanwhile, China shares also surged, as the People's Bank of China announced it would cut one-year benchmark lending rates by 40bps to 5.6%, while lowering one-year benchmark deposit rates by 25bps, with the changes taking effect this weekend. It also announced that it was allowing banks to pay depositors 1.2x the benchmark level, up 1.1x from the previous figure. Ahead of China's announcement, Euro shares rose as the European Central Bank announced it had embarked upon its planned purchase of asset-backed securities, in a move to encourage banks to lend and revive the economy, helping to buoy sentiment further. Across the ocean, U.S. stocks rose following growing speculation that the Organization of Petroleum Exporting Countries may decide to cut oil production, when it meets next Thursday. That talk has helped drive oil futures up by 1.2% (US$76.5/bbl) from record lows, and is likely to keep the market volatile on Friday and next week. Moving to our domestic markets, JCI ascended by 0.4% (5,112), following positive regional sentiment. Considering all the factors mentioned above, today weproject JCI to trade within 5,090-5,150.


Headline News
  • CPIN invests Rp5.5tr in capex
  • KAEF to build new factory
  • BUMI to sell 50.0% FajarBumi Sakti shares
  • SMBR seeks loans to build plant
  • ICBP to acquire Danone

  • Download Fundamental Daily Report

    Technical Report

    Jakarta Composite Index (JCI) : Up

    Estimasi indeks (24-Nov-14): 5.090-5.150

    Katalis:
  • Pemerintah menaikkan harga BBM, sesuai ekspektasi
  • BI menaikkan suku bunga acuan pada Nov14 sebanyak 25bps ke 7,75%
  • China menurunkan suku bunga acuan 40bps ke 5,6%
  • Ulasan teknikal:
  • Resisten IHSG di level 5.250; potensi konsolidasi di 4.840-5.250
  • Minor resisten di 5.100-5.150; area rawan profit taking
  • Basis support di 4.840; breakdown level ini mengkonfirmasi pola head-and-shoulder
  • Jika breakdown support 4.840, basis reakumulasi di 4.550-4.600

  • Our Best Trading Ideas For Today
    LSIP Add Breakout double bottom 1.750-1.920
    ADRO Add Trading di pullback market di 930-1100
    ANTM Add Potensi pullback market, resisten di 1.070

    ADHI

    Add

    Potensi Ascending Triangle t di 2.325-2.875

    BMTR

    Red Breakdown pola Head & Shoulder di 1.740



     
     



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