The fall of Wall Street stock indexes since the disappointment of investors against the Central Bank of the United States (the Fed) are not launching a stimulus to mitigate the effects of the crisis in Europe could be re-weighed exchange trading today.
Selective purchases made by investors on stocks that are resistant to the crisis in the construction sector and consumption is expected to be a support index of the fall.
In trading yesterday, the composite share price index (CSPI) Indonesia Stock Exchange closed dropped 28.57 points (0.75 percent) to a level of 3763.579. Profit taking by foreign investors made net sales recorded a sizeable, Rp 796.7 billion, and falling regional stock indices create index failed to continue strengthening.
Securities Analyst from PT Panin Tbk, Purwoko Sartono, argued, a very strong negative sentiment from external factors create the index again corrected. The absence of definite steps to immediately address the European debt crisis led investors back out of the stock market.
The strengthening of the construction sector shares more than 3 percent of the index is able to sustain a deeper fall. The increase in stock price that is rather late for the construction sector than other sectors and remain over development in Indonesia makes the construction sector outlook remains promising. “Including the cement sector, which is a supporter of the infrastructure,” said Purwoko.
Anxiety investors against possible debt rating lowered EU countries, the slowdown in manufacturing activity, as well as the decline in Chinese exports of Asian economies began to affirm that affected Europe’s debt crisis. This makes it global stock indexes fell.
Today, Wednesday, December 14, 2001, the index is expected to move at 3740 levels until 3810. Opportunities action window dressing, according to Purwoko, remains open, but will not be as strong as in previous years. Macroeconomic fundamentals and performance of the issuer’s domestic support, but the external factors that are still full of uncertainties.
Century 21 Broker Properti Jual Beli Sewa Rumah Indonesia