JCI Closes Lower by 18.84 Points at Monday's Close
22 December 2014 18:30 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) inched downwards by 18.84 points or 0.37 percent to close at 5,125.77 points at the end of Monday's trading session, as market players began to unload their shares to profit from its recent fluctuations.
Meanwhile, the Top 45 (LQ45) also declined by 2.94 points or 0.33 percent to close at 883.13 points.
An analyst for HD Capital, Yuganur Wijanarko, said in Jakarta that the IDX was experiencing some negative corrections amid the decreasing amount of transactions in the bourse as the Christmas and New Years holiday period neared.
"The lack of transactions in the domestic market as 2014 draws to a close drives investor to profit by unleashing their shares," said Yuganur.
For the time being, Yuganur advises investors to hold off until the IDX declines a little bit further, before beginning to look for new investments.
The head of research at Valbury Asia Securities, Alfiansyah, added that the majority of investors were beginning to scale back their investments as the holiday season came nearer. "As a result, trading in the bourse begins to slow, but the JCI's volatility is reduced," he said.
According to Alfiansyah, external factors also play an important role in determining the JCI's movements at the start of this week. Previously, the Fed's Governor Janet Yellen announced that the Fed's plan to raise its core interest rates remained contingent on the condition of the United States' (US) fundamental economic figures, which eased the volatility in its domestic share market.
IDX records show that on Monday there were 206,234 transactions, wherein 6.03 billion shares worth Rp3.40 trillion were traded. The shares of 126 companies went up, 197 shares experienced negative corrections, while 82 remained stagnant.
Meanwhile across Asia, the Hang Seng Index rose by 291.94 points or 1.26 percent to close at 23,408.57 points, the Nikkei went slightly up by 13.74 points or 0.08 percent to close at 17,635.14 points, and the Straits Times similarly climbed by 43.96 points or 1.34 percent to end trading at 3,323.49 points.
ANTARA
