End of Day Analysis
Let’s see what we can come up based on this morning’s prediction. If you go long on PGAS for day trading, you might rack up with some sweet +400 (although the closing price is only +250). PTBA is also experiencing a positive sentiment today. The gossip on the trading floor is that one of the brokerage firm that went short yesterday is scrambling to cover its position that pushes the stock upwards.
Almost all of mining and agribusiness stock went up today. That includes INCO, PGAS, PTBA, and AALI halts the further downslide of IHSG (Jakarta Composite Index).
In short, the index closed -1.64 mainly because the gain experienced by the mining, agricultural, and consumer stocks.
