Boycott Indofood: Indomie Destroyed, Axton Salim cry loudly


Composite Stock Price Index (CSPI) began trading with the strengthening of 29 points this morning driven by the strengthening of mining shares. Shares of Indofood group collapsed because the sweep of Indonesian instant noodle products in Taiwan.

Opening of trade on Monday (11/10/2010), JCI rises to the level of 3547.722 and then continue strengthening to the level of 3575.239, closing up 29 points from last weekend at the level of 3546.954.

In pre-opening trading, stock index rose 18.781 points directly (0.52%) to the level of 3565.735. While LQ 45 Index rose 4.844 points (0.73%) to a level of 664.249.

Almost all leading shares rose quite high in trading this morning that makes index soared in early trading. Strengthening mining stocks led the rate of rise.

Sectoral stock index also climbed all except the index of consumer stocks lying in the red zone thanks to a sell shares Indofood (INDF) and Indofood CBP (ICBP). Sweeping instant noodle products from Indonesia in Taiwan make two shares owned by Salim Group which holds the trademark of this Indomie suffered massive selling.

The rupiah opened higher this morning 8.925/US $ thin level of closure last weekend at the level 8.930/US $.

JCI is expected to move in the range 3510 to 3590 today. Up at 9:35 JATS, JCI perched at the level of 3563.233, up 16.269 points (0.45%) Indonesia Today


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