JAKARTA: Investors is viewed to anticipate a positive sentiment from a financial report issuance of companies in the first half of 2011 to settle on this weeks share transaction position.
Jakarta Composite Index traded in Indonesia Stock Exchange has been potential to stay at bullish trend amid a maturity date of USs debt which is going closer.Today, market still focuses on positive performance of companies. In addition, other sentiments that should be watched are national inflation control, higher interest rate of China, Europe and US crisis, as confirmed by PT Infovesta Utama Director Parto Kawito.The positive performances in the first half will attract investors attention, as well as dividend distribution throughout this month, he told Bisnis, at the end of last week.Then, the balance sheet of companies also becomes a benchmark for investors in New York market because several giant companies have been scheduled to announce their financial performances this week, such as Chevron, Exxon Mobil, Lockheed Martin, Ford Motor, Boeing, and Amazon.com.Beyond that, Parto also viewed the investors need to pay attention on completion of USs debt. If debts rating is downgraded, thus there will be a short-term turmoil in the market because US bonds become a main benchmark for determining a risk free-interest rate.Expectedly, Indonesian index is still going bullish until the end of this year to 4,230 level reflecting a price earnings ratio by 20 times.On Friday last week, the index was closed up at highest record throughout its history to 4,106.82 or a 0.95% increase from that of in the previous days closing.On the other hand, US Dow Jones Index weakened 0.34% to 12,681.16, Japans Nikkei 225 Index rose 1.22% to 10.132.11, and Hong Kongs Hang Seng Index strengthened by 2.08% to 22,444.80.Based on Bloomberg data, from early this year to Friday last week, the foreign cash flow in shares in Indonesia had achieved US$2.61 billion or a 120.5% soar from the foreign cash flow in the same period of last year.PT Indosurya Asset Management Managing Research Reza Priyambada estimated the index will move within of support level by 3,954-4,012 and resistance level by 4,110-4,167 supported by positive sentiment from global market.Global economic condition has been going better that is indicated by signing a contract among European governments to avoid a spread of debt crisis, he said.(t01/t05/msw)
