IHSG still could shrink


Market share in the country are still selling the high pressure and can create a Joint Stock Price Index (IHSG) shrink back.

Negative stock market Wall Street and regional candidate still seems to confirm a decline in trading Friday IHSG the end of this week (7/11/2008).

Action for selling shares predicted to continue because many investors will still realize the benefits. Opening suspension Bumi Resources shares also create conditions stock market took such action because of the high selling shares in it.

Japan's Nikkei stock index on Friday (7/11/2008) opened weakened 5.09% or 452.75 points to be 8446.39. Korea KOSPI index down 3.5% or 37.87 points to be 1054.35.

Destabilizing the regional exchange to follow this decrease in shares in Wall Street disappointed by the projected performance emiten, and the weak performance of retailers that will continue to reinforce the concerns of continued weakening economy.

In trading Thursday (6/11/2008), Dow Jones index closed plunged 443.16 points (4.85%) to a level of 8696.11. Nasdaq fall to 72.94 points (4.34%) to 1608.70 and the index level of the Standard & Poor's 500 plunged 47.89 points (5.03%) to 940.88 level.

Meanwhile, on Thursday closing stock trading yesterday (6/11/2008) IHSG fall to 58,378 points (4.27%) to 1307.897.

The following recommendations shares of the company's securities.

Optima Securities

Impairment index was 58 points into 1307 in addition impact the evaluated of Asian stock markets also influenced the decision of the BI still holding the BI Rate at 9.5% level. Negative sentiment from the stock BUMI that selling pressure is very high after the suspension reopened create psychological Taking investors to profit from the market. The index is estimated to be 1.270-1.320 weakened again with the stock options: ASII, SMGR, PTBA, UNVR, and INDF.

Panin Securities

IHSG fall to -4.27% yesterday following the continued action against the Taking of profit shares have risen most. Other regional markets recorded a move to weaken. Trade yesterday painted by revoke BUMI suspension of trade, which has suspension since last October 6. Today we estimate will move IHSG fluctuate with the weakening trend. Range support - Resistance 1.260-1.340.