JCI Closes in Green at Friday's Close
30 January 2015 18:38 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) closed in the green on Friday evening—concluding Friday's session by climbing 26.68 points or 0.51 percent to close at 5,289.40.
Meanwhile, the Top 45 (LQ45) Index went up by 2.99 points or 0.33 percent to close at 912.05.
"Domestic investors are moving to accumulate shares ahead of the announcement of Indonesia's latest inflation and trade balance figures by the Central Statistics Agency (BPS), early next week," said the head of research at Woori Korindo Securities Indonesia, Reza Priyambada, in Jakarta.
Reza hopes that the soon-to-be-released figures will indicate a positive movement, which will assist the JCI to continue its uptrend, thus attracting foreign investors to return into the domestic market.
IDX records show that throughout Friday's trading session foreign investors booked a net buy totalling Rp550.972 billion at the conclusion of this week's trading.
"However, investors should remain vigilant over recent developments—especially if the figures fail to meet the market's expectations, as corrections are still possible," said Reza.
Meanwhile, the head of research at Universal Broker, Satrio Utomo, said some analysts were expecting Indonesia's inflation and trade balance figures would meet the market's expectations, especially since similar data posted in December 2014 were less than satisfactory.
"So far, I believe that Indonesia's economy will be able to meet the market's expectations," said Satrio.
IDX records show that throughout Friday's trading session, there were 210,088 transactions wherein 3.95 billion shares worth Rp5.95 trillion were traded. The shares of 167 companies jumped, 138 shares experienced negative corrections, while 103 remained unchanged.
Meanwhile across Asia, the Hang Seng Index slipped by 88.80 points or 0.36 percent to conclude trading at 24,507.05, the Nikkei went up by 68.17 points or 0.39 percent to close at 17,672.39, while the Straits Times similarly slid by 3,391.20 points.
ANTARA