JAKARTA: The Jakarta composite index (JCI) is likely to book a new record high of 4.200 today. The increase in the broader index will be supported by gains in the plantation and mining stocks. In addition, companies' first-half earnings are expected to also bring fresh breezes to the market today.PT Citi Pacific Indonesia's Head of Research Hendri Effendi said the index will continue to strengthen supported by the flow of foreign funds into the bourse. "The index will move in the range of 4.180-4.250 for its support level and the 4.100-4.110 resistance level," he said yesterday.According to a technical analysis by Sinarmas Sekuritas, JCI may move in mixed directions within the range of 4.140-4.193. Global markets are still awaiting a decision from U.S. lawmakers about the U.S. government's debt ceiling increase. Stocks that may move more than most other stocks include PTBA, HEXA, BBRI, and KRAS.

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