Phillip Securities: High TRADE Volumes, Yet Still Flat
End of 2011, IHSG naik 13.22 points or 0.35% to 3, 821.992. The composite index rose 3.19% for this year. Stock indices-stock blue-chip LQ 45, Indonesia, also went up on the last day of this year, adding to the 0.36% 2.399 points or be 673.506. IHSG opened in positive territory on Friday (30/12) and traded very volatile throughout the afternoon session, due to the thin trading volume. Five of the nine sectors in TRADE on the rise, led by industry sector basis (1.73%), trade and services sector (1.02%) and consumer goods sector (0.90%), while the agricultural sector, infrastructure and various industry sectors each fell 1.18%, 0.29% and 0.22%. Transactions in the regular market reached 2.605 billion shares valued at Rp 2.053 billion. Foreign investors net purchase with total recorded Rp 417.545 billion. Among top gainers Friday were the ADMF (13.39%), the ITMG + (+ 1.98%), UNTR (+ 2.13%), MBAI (+ 3.85%) and the NIPS (+ 13.48%), while at the anta ra top losers among other IMAS (7.58%),-SONA (24.14%), SMAR-(8.57%), MERK-(-0.38%) and LMSH (9.09%)-. Most of the Asian index ended slightly higher in thin trading volume on Friday. Japan and China markets ended higher in the trading session with little volume, where investors are more focused on the increase in stock-exchange AS overnight than the manufacturing data showing a further contraction in manufacturing activity in China.
U.S. stocks fell on Friday (30/12), with the index S & P 500 annual increases, abolished in 2011 in which investors close to a volatile year book with most of the factors driving the market is driven by European efforts to stem the crisis loan. Indexes Dow Jones Industrial Average ended up 5.5% for the year 2011, and noted the increase in two years in a row. Meanwhile, S & P 500 index, which recorded an increase in thin in 2011, abolish the increment in the final moments of trading and finished slightly below closing in 2010. The NASDAQ Composite Index ended down 1.8% in 2011, recorded its first annual loss since 2008. Indexes Dow Jones Industrial Average down 69.48 points, or 0.4% to 12, 217.56 on Friday (30/12). Dow component, Bank of America Corp. (BAC) rose 1.8% on the day, but fell 58% through 2011. Instead, McDonald's Corp. (MCD) is down 0.5% on the session Friday, noting a rise of almost 31% in 2011. Index S & P 500 down 2.60 points, or 0.2% to 1, 260.42 on Friday, with the consumer goods sector fell the most, whereas the telecommunications sector the largest increase in print between the 10 industry groups the S & P 500. Meanwhile, the NASDAQ Composite down 8.59 points, or 0.3%, to 2, 605.15 at Friday's session.
We estimate the TRADE will tend to move flat on the first day of this year, because it is still a lack of new trading volume will start to grow tomorrow. We estimate the level of support and resistance to TRADE on these days will be at 3,790 and 3,830.
Technical Pick:
PWON (750)-BUY
TRAM (990)-BUY
IMAS (12,800) – Sell Spec.
KREN (750)-BUY
