Good day to you.U.S. stocks racked up gains across a wide array of sectors by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.
Major Southeast Asian stock markets came off their early highs on Thursday. Jakarta's index JCI dropped 0.9 % after a 2.5 % rise in the past two days. Indonesia's largest telecommunications firm TLKM was down 2.6 % and the largest automotive distributor ASII lost 3.7 %.
Crude oil climbed to a seven-month high. Crude oil for July delivery rose $1.35, or 1.9 %, to $72.68 a barrel. China's top five power generating groups have signed 2009 coal supply contracts with prices up 4 percent on the year. Nickel rose more than 6 % to an eight-month high of $15,860, and closed at $15,800 from $14,905.
Malaysia’s palm oil inventory at end-May rose 5.72% to 1.37 million tons from a 22-month low of 1.29 million tons in April, mainly due to higher production. Year-on-year stocks, however, fell 28.7%.
Hopes that a global economic recovery would come earlier than previously expected had a positive impact on corporate earnings outlooks and stock valuations. The recovery story will push equities prices higher because of analyst upgrades on earnings and target prices.
Maintain Positive for Our Market View for 2187.5 point Index. Our Top Pick still on mining and commodity sector. We are still recommended by on weakness TLKM and BNBR for better growth.
Top Pick is ANTM, INCO, TINS, TLKM, BUMI, BNBR, PGAS, SGRO and ELSA.
Trading Idea ANTM, INCO, ELSA
“THE BRIGHT FUTURE”
[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.
Tidak ada komentar:
Posting Komentar