JCI Closes Low on Friday
26 July 2014 08:12 WIB
TEMPO.CO, Jakarta - The Jakarta composite index (JCI) closed lower on Friday with investors concerning of the political uncertainty over claims of massive election rigging, as reported by Antara News.
The index of the Indonesian Stock Exchange (BEI) fell 0.19 percent to 5,088.80 points with index of 45 most liquid stocks down 0.50 percent to 868.29 points.
Asjaya Indosurya Securities analyst William Surya Wijaya said the JCI is in the process of consolidation and the market players are awaiting what is to come from the move by losing presidential candidate bringing case of alleged rigging of election and the release of economic data for July.
"The macroeconomic indicators, however, are predicted to be stable," William said.
He hoped that the country's current account performance would improve as it would be one of the drivers pushing up the JCI in the coming days.
ANTARA