Forget the traditional thrust of broad market in certain classic big caps player and get the revival strength of prospective and economic cycle-friendly mid caps. Jakarta Composite Index is still content to go up under strong confidence of the enduring emerging market.
As in the US, for the second straight session last night the stock market overcame selling pressure to finish flat. In both sessions stocks were able to do it without help from the financial sector. Likewise, Jakarta will also have more justification to continue uptrending without help from few classic big caps which are expectedly under pressure, or at least the mid caps power will still be unleashed no matter what with a few helpless big caps. The small-cap S&P 600, though, tacked on a 0.6% gain after the closing bell of the US market. Big caps? A few will stand out from the crowd in Jakarta later the day. '+'
