[BRIGHT INFO] "Just a Note"

U.S. stocks rose for a third week, almost erasing the Dow Jones Industrial Average’s 2009 loss, on further signs the economy is improving. The S&P 500 has climbed 39 percent from a 12-year low on March 9. The S&P 500 closed above its average price over the past 200 days for the first time since December 2007 on June 1, a bullish signal to so-called technical analysts who study charts to predict market trends.

Most Southeast Asian stock markets rose on Friday to their highest levels in more than eight months, supported by broad global recovery hopes. "Money flows are continuing to move from low-risk assets like bonds to stock markets. Investors are betting on expectations of global recovery.

Indonesia JCI was up 2.3 percent to its highest since Sept. 4, with Bank Mandiri up 5.9 percent and Bank Negara Indonesia up 9.8 percent. Indonesia JCI rose 8.5 percent for the week,

Oil closed at $68.44 fell 0.54 % and Nickel fell 0.7 % to $14,600. The physical market CPO, June South was lower at RM2,580 per ton compared with RM2,600 per ton. Coal on Newcastle Port closed at $74.31.

Maintain positive outlook with mining and energy is one of my favorite sectors. TLKM had a very attractive valuation. I think TLKM was one of the cheapest on blue-chips. We recommend accumulating this share with better outlook and performances. INDF, SMCB, ELTY, BNBR, SGRO, BBNI and BBRI were still interesting. I think we hold or short term reduce for PGAS, TINS, ANTM, INCO and BMRI and wait on lower range.

“CONSOLIDATION BUT JCI 2187.5 SHOULD BE ACHIEVEABLE SOON”.


[Personal Opinion ]
=====================================================================================
DISCLAIMER: This report is issued by [BRIGHT INFO]. Although the contents of this document may represent the opinion of [BRIGHT INFO]. We cannot guarantee its accuracy and completeness.