IHSG Up Thin

Composite Stock Price Index (IHSG) Indonesia Stock Exchange on Tuesday (4/10/2012) opened up 4.23 points, thin line from the limited negative sentiment from global markets.

Stock Exchange IHSG opened up 4.23 points, or 0.10 percent to 4158.30 and the position of leading stocks index 45 (LQ45) rose 1.07 points (0.15 percent) to 715.35 level. "Strengthening the negative sentiment as the start of the limited global market. Some commodity-based stocks and property is expected to return today to continue gains," said Samuel Securities analyst Christine Salim said here on Tuesday.

However, today the market will anticipate the release of data export and trade balance in March China's expected to weaken again.

He added that the correction of the U.S. stock and continue for four consecutive days factoring payrolls data release at the end of last week under the consensus estimate.

MNC Securities head of research, Edwin Sebayang added, IHSG still strong despite having limited opportunities to consider the first quarter 2012 performance factor in the continuation of capital inflow of foreign investors. "IHSG is weaker today, but some leading stocks rose, indicating investors are comfortable taking a position in," he said.

He predicts, today's stock trading index IDX is expected to move in the range of 4130-4178 points. Some of the recommended stocks include Astra International (ASII), Bank Jabar Banten (BJBR), Bumi Serpong (BSDE), BW Plantation (BWPT), United Tractor (UNTR) and Indo Tambangraya (ITMG).

Regional exchanges such as the Hang Seng index fell 203.35 points (0.99 percent) to a level of 20389.65, the Nikkei-225 rose 73.98 points, or 0.77 percent to 9620.24 level and Straits Times gained 9.98 points (0.34 percent) to a level of 2760.02.