Got Up Thin, JCI plunges into the Red Zone...

Composite Stock Price Index (JCI) opened higher thin 6 points, but this weakness does not last long. The index fell again in just a few minutes after opening. JCI weakening trend continued again.

In preopening trading, stock index edged up 0.319 points (0.01%) to the level of 3572.057. While LQ 45 Index edged up 0.084 points (0.01%) to a level of 635.895.

Opening weekend trade on Friday (17/12/2010), Jakarta Composite Index edged up 6.580 points (0.18%) to the level of 3578.318. LQ 45 Index rose 1.074 points (0.17%) to a level of 636.885.

Until around 9:35 when JATS, JCI back weaker, thinner down 3.250 points (0.09%) to the level of 3568.488. While LQ 45 Index fell 0.924 points (0.15%) to a level of 634.887.

Last night Wall Street back into positive territory, fueled by an encouraging outlook from FedEx. Investors back after the shares to print a higher rate of return towards the end of the year.

In trading Thursday (12/16/2010), the Dow Jones Industrial Average (DJIA) closed rose 41.78 points (0.36%) to the level 11499.25. The broader Standard & Poor's 500 index also gained 7.64 points (0.62%) to a level of 1242.87 and the Nasdaq rose 20.09 points (0.77%) to a level of 2637.31.

The positive sentiment from the global market is expected to be a driving force to re-stock index climbed. It is estimated that JCI could go back through the 3600 level again in trading today.

Regional bourses this morning moving average mixed with thin weakened. While the Singapore stock exchange can score a thin reinforcement.

The following conditions in the Asian bourses this morning:

* Shanghai Composite Index fell 5.59 points (0.19%) to a level of 2892.55.
* Hang Seng Index fell 15.47 points, thin (0.07%) to the level 22653.31.
* Nikkei 225 index fell 10.43 points (0.10%) to the level 10300.86.
* Straits Times Index rose 8.16 points (0.26%) to a level of 3155.83.

source...: detik finance