Good day to you.DJIA rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios. The DJIA gained 90.99 points or 1.08 % to end at 8,529.38.
Southeast Asian stock markets ended mixed on Monday. Buying interest in this region is slowing. There's still no fresh market boost and sentiment is still cautious. Asian stock markets elsewhere retreated on Monday, with the MSCI index of Asia-Pacific stocks outside Japan down 0.5 %. STI inched down 0.03 %, KLSE ended flat, SETI climbed 1 % ahead of economic data on Tuesday, JCI eased 0.3 % while PSI drifted down 0.4 %, The VNI fell 0.21 %.
Shanghai's benchmark stock index reached a one-year closing high for the fourth straight session as signs of a Chinese economic recovery and ample liquidity boosted the market, improving investor sentiment.
Crude oil futures jumped $2.33 to settle at $71.49 per barrel after Nigerian militants said they attacked the country's oil facilities, which set off some concerns about supply. Tin dropped 1.3 percent to $14,605 a ton and nickel was unchanged at $15,800 a ton.
For today’s, I think our market still on “consolidation mode again or slightly positive”. Fund managers are enhancing their portfolios before the quarter ends on Tuesday in a ritual known as "window dressing" by selling some of the quarter's losers and scooping up the winners. This will move bolster stocks as well.
We will wait CPI data from BPS tomorrow, consensus at 0,1-0,5 %. Maintain cash balance and buy on lower some quality stock.
“CONTINUE”
[Personal Opinion ]
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