JAKARTA: PT Batavia Prosperindo Sekuritas estimates Jakarta Composite Index (JCI) to stand at 4,700 or soared by 1,000 points or nearly 25% from 2010s gain. The trading, mining and agriculture sector shall become the leading contributors.Head of Fundamental Data Research at Batavia Franco Sutedjowodjojo believes that JCI will record a gain although it recently declined by 80 points. The declining phenomena can still be handled by the high European liquidity soon penetrating Indonesia market.It is projected that US$3.5 trillion of European fund shall penetrate Indonesian market, he said during a market outlook in Jakarta.Foreign capital inflow will highly support the economy, yet it will cause market volatility. In order to control the market volatility, the government policy on inflation stabilization and food price control are highly required.In the global market, as he added, Chinas expansion and weather will still improve in the Q3/2011. Market shall still fluctuate particularly following number of domestic and global economic macro sentiment as well as the global inflation.The geo-politic crisis in several parts of the world shall influence the market, yet it will be less significant to the Indonesian market. The strong impact will touch Africa as its economic contribution is relatively poor.President Director of Dana Pension at Indonesias Church Association (PGI), Haryadi said that Chinas economy is saturated, while US focuses on economic stimulus such as bail out and Europe prioritizes the social funds. Thus, it is estimated that Indonesia and India will be flooded with excessive capital inflow. Thus, the big question have we calculated the capital inflow? he said.Technical analyst of Batavia, Budiman informed that the stocks of mining sector and crude palm oil (CPO) producers will dominate the JCIs jump. Consumer goods will become the third contributor somehow.In 2011, technical companies are not technically recommended, he resumed. (T02/wiw)

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