JAKARTA - Indonesian shares are likely to fall, tracking losses in most Asian markets amid concerns over the nuclear situation in Japan, traders say. They expect the main index to test the support level of 3720 after it ended up 0.1% at 3745.838 Monday.
“A drop in crude oil prices could also inspire a selloff in most commodity-related stocks, but expectations that the central bank will keep its key interest rate unchanged at 6.75% later in the session may trigger bargain-buying in financial-related stocks,“ says a trader with a foreign securities firm.
Coal producer Bumi , tin miner Timah may lead falls on profit-taking, but Bank Rakyat may gain on bargain-buying.
source : kompas.com
