Magnus Capital: Flat TRADE On The Move
At the close of trading yesterday in thin TRADE on strong points at 3770 1.9 with transactions valued at 3.3 trillion and foreign net buying worth Rp do 205.9 billion. Sentiment is circulating in the capital markets are quite diverse, sentiemen positive came from Fitch Rating which raise the ranking of the feasibility of investing in Indonesia and also raised the long-term debt rating of 8 banks in Indonesia.
The Dow jones overnight closed points at level weakened 100.13 11766.26, this is in response to the negative sentiment of investors from Europe where Fitch lowered debt ratings will be posing a threat to France and Spain. However the Minister of Finance Europe yesterday held a meeting concerning the withdrawal of funds from the IMF to put in to overcome the crisis, following a reduction in the debt investor confidence towards the resolution of the crisis komprehesif solutions and will hopefully give positive sentiment towards the stock trading world.The movement of regional Exchange redolent with the death of Dictator yesterday north korea Kim Jong II and make stocks tumbling in asia because of fears the emergence of regional political instability. Regional index this morning opened tend to be mixed.
Technical aspects of Short term Indicators MA, consolidation and underperform, lay it down while ong term MA stirred bullish and Underperform. The indicator stochastic oscillator move on normally and tend to form a golden cross.
