JCI Scores Red on Tuesday's Close
7 July 2015 17:44 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) went down by 10.69 points or 0.22 percent to close at 4,906.05 points at the end of Tuesday's closing session. Meanwhile, the Top 45 (LQ45) Index similarly went down by 3.14 points or 0.37 percent to conclude trading at 839.86 points.
The Head of Research for Universal Broker Indonesia, Satrio Utomo, said in Jakarta on Tuesday that technically speaking, the JCI has already reached its' support level at around 4,850-4,910 points - which means that a chance for an uptrend is quite high.
"Domestically, there are still optimism that Indonesia will be able to post satisfactory economic performance levels in the second quarter (Q2) of 2015 in July," said Utomo, who added that a positive movement across the regional index could drive investors to return into the market - thus boosting the JCI.
An analyst for HD Capital, Yuganur Wijanarko, added that some investors have already begun to selectively accumulate shares - which prevented the Index from plunging deep on July 7, 2015.
"This shows that market players are still optimistic - and that the psychological effect from the turmoil in Greece and the dip in the Chinese share market has already begun to subside," said Wijanarko, who also added that the selective accumulation could push the JCI near its' resistance levels at 4,985-5,014 points in the near future.
According to IDX records, there were 206,307 transactions where 3.38 billion shares worth Rp 3.40 trillion were traded. The shares of 126 companies went up, the shares of 133 companies experienced varying degrees of negative corrections, while 114 shares remained unchanged.
Meanwhile across Asia, the Hang Seng Index slipped by 260.97 points or 1.03 percent to conclude trading at 24,975.31 points, the Nikkei went up to close higher by 364.47 points or 1.31 percent at 20,376.59 points, while the Straits Times inched lower by 4.52 points or 0.14 percent to end trading at 3,337.46 points.
ANTARANEWS
