Trying IHSG part of the pressure


Joint Stock Price Index (IHSG) have two days in succession in this weekend impairment. IHSG will try to reduce the pressure that is sharp. 

One of the factors that can reduce the pressure on the trade IHSG Wednesday (19/11/2008) Rebound is what happened in Wall Street. 

In trading Tuesday (18/11/2008), Dow Jones index appreciated 151.17 points (1.83%) to a level of 8424.75, the Standard & Poor's 500 appreciated thin 8.37 points (0.98%) to a level of 859 , 12 and the Nasdaq stronger thin only 1.22 points (0008%) to a level of 1483.27. 

Although churn was sharp, shares in the Wall Street Rebound can be no announcement after Hewlett-Packard (HP), which recorded good performance, muted the negative sentiment from Citigroup are exhausted. 

While the stock market opening in Japan on Wednesday morning is relatively flat with only terkoreksi thin 0.09 points or 7.79 points to 8320.62 position. 

Market in the country, will utilize the action of selective buying shares that the price is below.Movement of rupiah and Bakrie stock sentiment will also be coloring IHSG movement. 

In the closing trading stock on Tuesday yesterday (18/11/2008) IHSG anjlok 47,071 points (3.81%) to 1189.862. 

The following recommendations shares of the company's securities. 

Optima Securities 

Index back into terkoreksi 47 points to 1189 as Asian stock Hang Seng and Nikkei -4.5% -2.2%.IHSG approaching the lowest point in October and in the level of 1089. All the technical indicators are still giving bearish signal has not been any signs of reversal in the short term. Impairment still further potential return movement, with a range 1.120-1.230. 

Panin Securities 

In trading yesterday, IHSG -3.81% slump following the regional movement of stock, which is negative following the recession that occurred in Japan, and several other countries. As Japan and Singapore are the two main trade partner of Indonesia. Suffered recessionary effects of the country, will threaten the automated export performance and economic growth. Global investors are still awaiting quarterly GDP growth rate 3 of the few large countries, such as the United States which will be announced next week. 

In addition to regional factors, anjloknya value of the rupiah also be negative sentiment for the market. Along with the lack of positive sentiment, today we estimate for the foreseeable future IHSG will still be moving toward weakening support in 1106.