JCI Breaks New Record
23 January 2015 12:36 WIB
TEMPO.CO, Jakarta – Abundant positive sentiments allowed the Jakarta Composite Index (JCI) to gain 37.93 points (0.73 percent) to close yesterday's trade at 5,253.18 bps, an all-time record high.
Millennium Danatama Securities analyst Muhammad Al'Amin said the price cuts of SOE-produced cement by Rp3,000 per sack built market expectations that construction and property companies will perform better with lower operating costs will be lower and higher profits.
Bank Indonesia's decision to keep the BI Rate at 7.75 percent also encouraged investors' optimism on issuers' liquidity and growth.
"Rampant positive sentiments made investors eager to buy shares," Amin said yesterday.
Today the JCI is predicted to move in a limited range of 5,226-5,270 bps. The European Central Bank's decision on quantitative easing is expected to be the dominant influence in the trading floor. "Construction, property, and consumption stocks are still worth paying attention to," Amin said.
PDAT | MEGEL JEKSON