TEMPO.CO, Jakarta - Alpino Kianjaya, director for trading and membership at the Indonesia Stock Exchange (IDX), viewed that the removal of Arcandra Tahar from the Energy and Mineral Resources Ministerial post would not affect the trade index.
“No. There will be no impact at all,” Alpino told Tempo at the IDX building in Jakarta on Tuesday, August 16, 2016.
Alpino said that there was no correlation between Arcandra Tahar’s removal and the composite index.
According to Alpino, the capital market is universal, so that Arcandra’s removal will not become a negative sentiment for the stock exchange.
“As you can see, the Indonesian Composite Index (IHSG) just went up today,” he added.
The IHSG during the pre-opening session on Tuesday, August 16, 2016, went up by 0.40 percent or 21.737 points to 5,341.934. In addition, the LQ-45 index climbed by 0.59 percent or 5.362 points.
The positive trend continued until the opening session. The IHSG strengthened by 26.285 points or 0.49 percent to 5,346.846. The LQ-45 index also went up by 6.201 points or 0.58 percent to 918.257 during the opening session.
Earlier on Monday, August 15, 2016, the IHSG was closed at 5,320.561. Compared to the previous session, the figure was down by 56.635 or 1.05 percent. The LQ-45 index on the same day was corrected by 9.466 percent or 1.03 percent to 912.056.
BAGUS PRASETIYO
