JAKARTA: Jakarta Composite Index (JCI) is predicted to extend its gains during trading this week.Willy Sanjaya, an analyst at PT Lauthandana Securindo, said there have been no negative sentiments that may affect the index this week.The index next week [this week] can go further. Its move will be influenced by positive sentiments. Next Tuesday is a holiday, so I predict the index will move within a wide range of 3,636-3,768, he said.He added that towards the end of the year, investors are waiting for final reports from companies. At the same time, US economic condition, which has begun recovering, can be a positive sentiment for JCI.Regarding condition in Asia, he explained that investors are waiting for further development of the conflict between North Korea and South Korea. Indonesia will benefit from this condition because investors shift to other developing countries, which are safer to invest.Meanwhile, mining and property companies will remain the stocks driving the index this week.Praska Putrantyo, an analyst at PT Invovesta Utama, estimated that the index will fluctuate within the range of 3,650-3,715. He said that US economic data, Europe and China condition will still be the main influences to the index this week.US economic data, Initial Claims, in November dropped to 430,000. Mich Sentiment in December rose 72.5 from 71.6. In Europe, Greek rating will possibly be downgraded by S&P, while the sentiment from China is that its government will continue taking measures to control the liquidity by elevating interest rate, he explained.Concerning sentiments from domestic, Praska said that Bank Indonesias decision to set interest rate (BI Rate) at 6.5% is a positive sentiment for the index.Praska added that the shares driving the index will include cement companies, such as INTP and SMCB, consumer goods, such as GGRM, INDF and UNVR, banks such as BBRI, and retailers such as MAPI and RALS. (t04/wiw)

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