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Stock Market Prediction
Index is still likely to break through resistance 2486.
Composite stock price index (IHSG) in Indonesia Stock Exchange (BEI) at the weekend trade is estimated to be still a positive move. However, the JCI will also look at regional conditions.

Although the action had hampered profit (profit taking) the number of shares of mining on the transaction Thursday, September 24, 2009, today the index is predicted to continue rising again.

Four-day Easter holiday market, the transaction JCI yesterday lifted 11.91 points (0.48 percent) to as low as 2468.9. Volume of shares changed hands reached 5.54 million lots valued at Rp 4.67 trillion, with a frequency of 69,008 times.

"The movement of shares Earth (Earth Resources) will still be quite interesting, although some foreign fund managers are still on vacation," said stock market analysts to VIVAnews Willy Sanjaya in Jakarta, Friday, September 25, 2009.

According to him, the opportunity to strengthen the index is still quite open. The shares of Bakrie group, such as PT Bumi Resources Tbk (BUMI) and PT Bakrie & Brothers Tbk (BNBR) which is expected to move attractive yesterday may trigger investors back into the market.

Willy explained, the index is still likely to break through resistance 2486. If the level is solved, the index will continue to increase until 2500.

Meanwhile, on Wall Street, in late trading Thursday afternoon local time (Friday morning GMT), the Dow Jones fell 41.11 points (0.4 percent) to 9707.44.

Since Wednesday, the Dow moved away from the psychological level of 10,000, a level not reached within the last year.

Index Standard & Poor's 500 index also fell 10.09 points (1 percent) to 1050.78. Meanwhile, the Nasdaq composite index, weakened 23.81 points (1.1 percent) to 2107.61.

However, Willy was also reminded, the Dow Jones decline will affect the transaction in the domestic stock market.

In Asian markets this morning, Japan's Nikkei 225 index also down 302.15 points (2.87 percent) to 10,242 positions and the Straits Times corrected 17.12 points (0.64 percent) to 2650 levels.

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