JCI Closes in the Red as Monday Trading Closes
3 August 2015 18:38 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) went down by 2.34 points or 0.05 percent at the end of Monday's trading session to conclude trading at 4,800.18 points.
Meanwhile, the Top 45 (LQ45) Index went up by 1.95 points or 0.24 percent to close at 815.05 points on Monday's close.
An analyst for HD Capital, Yugarnur Wijanarko, said that the accumulation of blue-chip shares by investors have stopped the Index from plunging further. "The selective accumulation of blue-chip shares, as well as several second tier shares has managed to prevent the Index from depreciating too much - especially in light of the general downtrend experienced by the majority of Asian bourses on Monday," he said.
The selective accumulation, said Wijanarko, might even help the Index return into the green towards its' resistance level around the 4,825-4,895 points mark in the near future.
An analyst for Asjaya Indosurya Securities, William Suryawijaya, added that the continued influx of foreign capital into the Indonesian market has help the Index ward off any further losses. "The slight depreciation is a result of the manouvre of some investors, who are responding to July's inflation figure, which almost reached one percent," he said.
Previously, the Central Statistics Agency (BPS) said that Indonesia's inflation for the month of July stood at 0.93 percent - roughly in the same ballpark as July 2014 - which brings up January-July 2015 inflation to 1.9 percent, and year-on-year (yoy) inflation to 7.26 percent.
According to IDX records, there were 180,430 transactions wherein 2.83 billion shares worth Rp3.76 trillion were traded throughout Monday's trading session.
Meanwhile across Asia, the Hang Seng Index slipped by 224.86 points or 0.91 percent to close at 24,411.42 points, the Nikkei similarly slipped by 37.13 points or 0.18 percent to conclude trading at 20,548.11 points, while the Straits Times Index similarly slipped by 8.60 points or 0.27 percent to end trading at 3,193.90 points.
ANTARA
