Rupiah Depreciation; JCI Drops 1.16 Percent
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) closed today`s trade at 68.98bps or 1.16 percent to 5,875.61 due to rupiah depreciation. Meanwhile, the LQ45 slipped 13.03 points or 1.38 percent to 928.97.
"The rupiah's weakening at Rp15,000 per US dollar was one of the factors of JCI's drop," Infovesta Research chief Utama Wawan Hendrayana said Tuesday, Oct. 2, in Jakarta,
He said the rupiah depreciation also caused concerns among the investor that it will affect the Indonesia Stock Exchange's (IDX) performance in the future.
Read: Analysts Predict Rupiah Will Not Reach Rp14,900
Vice President Research Department at Indosurya Bersinar Sekuritas, William Surya Wijaya, said the JCI had a chance to return strong on the next day since the national economy is still considered stable.
"It can be seen from the economic data at the first month, showing the controllable inflation," he said.
He projected the JCI on Wednesday to move between 5,811-6,123 points.
ANTARA
