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Fundamental Report

Global equity markets traded mixed on Wednesday: Asian and EU went up by 1.4% (137.9) and 0.7% (326.1), while U.S. traded down 0.9% (16,461), respectively. Japan equity markets led Asian gain by surging 2.6% (15195.8), as the latest Japanese export data showed a rise of 6.9% YoY in September.Across the continent, European shares continued its momentum upwards, following speculation that ECB may buy corporate bonds in the secondary debt market in an effort to fight deflation. It said a decision could be made as soon as December with a view to starting purchases early next year. Meanwhile, U.S. stocks turned lower on Wednesday, driven by profit taking following concern about pace of global economic growth as oil descended to two year low at US$80.5/barrel (ignoring inflation data which recorded as expected at 1.7% in Sep14).Moving to our domestic markets, the Jakarta Composite Index ascended by 0.9% (5,074) following positive regional sentiment. Participants were also optimistic that the new national administration will announce a business-friendly finance minister this week. Today, having more positive sentiments to start the day, weproject JCI to be trading within 5,040-5,100.

Headline News
  • ICDX: Indexing CPO futures contracts in USD
  • BNII 3Q14 bottom line slumps by 52.9% YoY
  • BBRI posts 19.0% growth in 3Q14 net profit
  • AMRT to allocate Rp2.0tr

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    Technical Report

    Jakarta Composite Index (JCI) : Sideways

    Estimasi indeks (23-Okt-14): 5.040-5.100

  • Inflasi September tercatat di 4.5% YoY (sesuai ekspektasi pasar)
  • GDP China tercatat di 7.3% YoY pada 3Q14
  • 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 untuk akumulasi MT trading
  • Jika breakdown support 4.840, basis reakumulasi di 4.600

  • Our Best Trading Ideas For Today
    ITMG Add Potensi pullback market, resisten di 24.800
    AKRA Add Basis support di 4.700, potensi trd range 4.700-5.200
    ANTM Add LT support di 940; potensi double bottom



    Potensi pola double top di 2.100-2.520


    Red Minor rest di 24.000-25.000; area rawan profit taking


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