Asian shares are under pressure on Friday morning (07/07) due to declines on Wall Street overnight. These declines were caused by the ADP jobs report, released on Thursday (06/07), that missed estimates as well as by rising tensions surrounding North Korea's ballistic missile tests and a tech sell-off. Meanwhile, global sovereign debt yields rose on expectation that the European Central Bank (ECB) is moving closer toward unwinding its massive monetary stimulus.

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On Thursday (06/07) Indonesia's benchmark Jakarta Composite Index advanced 0.42 percent to 5,849.58 points amid mixed Asian markets. Indonesian stocks are now again approaching the record high level that was set earlier this week. Local Indonesian securities companies are confident to see the benchmark index of Indonesia rising further in the remainder of the year, passing beyond the 6,000 level. Which Indonesian stocks do these companies recommend?

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Instant noodles are an important food product in Indonesia as they are highly popular among the giant population. Indomie, an instant noodle brand produced by Indofood Sukses Makmur, is the most famous one. In fact, it is the most popular brand in Indonesia (not only of all instant noodle brands, but of all brands in Indonesia). Indofood Sukses Makmur said its Indomie sales rose ahead of Idul Fitri (the celebrations that mark the end of the Ramadan month), both domestic sales and export orders.

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The latest Federal Reserve minutes, released on Wednesday (05/07), injected a degree of uncertainty into markets. The minutes, covering the Federal Open Market Committee's June meeting, show a fragmented Fed that is split on when to start shrinking the Fed's massive $4.5 trillion balance sheet as well as on the inflation slowdown.

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