JCI Up 103.87pts to 4,311.67 Ahead of 3rd Economic Policy Package
5 October 2015 12:00 WIB
TEMPO.CO, Jakarta-The Jakarta Composite Index rallies 103.87 points or 2.47 percent to 4,311.67, Monday, October 5, at 10:56 am.
“This week there is a plan for the government to issue the third economic package, one of them related to oil-based fuel prices. At the moment the stock market is on net buy Rp100 billion,” Technical Analyst of Bahana Securities Muhammad Wafi said when contacted by Bisnis.com on Monday.
The IDX benchmark index rose most sharply among Southeast Asian stock indexes. At about the same time, Manila stock index rose 1.02%, Straits Times gained 1.41%, while the KLCI index rose 0.8%.
The JCI rose to 0.84% at the opening, rebounded 35.53 points to 4,243.33.
The movement took place in line with regional market movements and the US, after the release of US jobs data that was lower than expected.
At the end of last week, the JCI ended lower on Friday, distressed over the selling of investors who took advantage of the rally three days earlier. The JCI was slumped 1.11%, or up 47.08 points to 4,207.80. The index ended at its most basic level after weakened 0.05% at 4,252.67.
BISNIS.COM