Cabinet Reshuffle Helps JCI Edge-up 1.78bps

Translator

Editor

Kamis, 13 Agustus 2015 12:32 WIB

Presiden RI Joko Widodo membuka Bursa Efek Indonesia secara simbolis (BEI) di Jakarta, Jumat 2 Januari 2015. Indeks Harga Saham Gabungan (IHSG) menguat 0,13 persen (6,84 poin) ke level 5.233,79 pada perdagangan perdana. Tempo/Aditia Noviansyah

TEMPO.CO, Jakarta – The Jakarta Composite Index (JCI) opened Thursday's trade with a 1.78-point gain. It is likely that the rebound is related to yesterday's cabinet reshuffle, as the index has been corrected quite deeply days before the reshuffle.


"The JCI rebounded after a deep correction experienced by domestic shares over the last two days," Valbury Asia Securities chief researcher Alfiansyah said here on Thursday, August 13.


The JCI climbed 1.78 points (0.04 percent) to 4,481.27 this morning. Meanwhile, the LQ45 moved up 0.45 points (0.06 percent) to 752.77.


Alfiansyah said that most investors responded positively to President Joko Widodo's decision to make changes in his ministry cabinet that took place on Wednesday, August 12.


Leo Putra Rinaldy, senior economist at PT Mandiri Sekuritas, said the reshuffle sends a message to the market that the Indonesian government is working to increase coordination and communication between ministries in policymaking.


ANTARA | RR

Related News

Airlangga Hartarto Guarantees Business Stability for UK Companies in Indonesia

33 menit lalu

Airlangga Hartarto Guarantees Business Stability for UK Companies in Indonesia

MInister Airlangga Hartarto, promotes Indonesia's Special Economic Zones to British investors, assuring them of business certainty in Indonesia.

Read More

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

50 menit lalu

Malaysia, Germany Companies Interested in IKN Investment, Authority Says

IKN Authority said it had received three letters of intent (Lol) from three Malaysian private companies.

Read More

Heavy Rains Kill at Least 10 in Southern Brazil, Governor Warns of Historic Disaster

1 jam lalu

Heavy Rains Kill at Least 10 in Southern Brazil, Governor Warns of Historic Disaster

Ten people died and 21 are missing due to heavy rains this week in Brazil's southern state of Rio Grande do Sul.

Read More

1,000 Workers Laid Off Amid Tin Corruption Case, Bangka Belitung Govovernor Says

1 jam lalu

1,000 Workers Laid Off Amid Tin Corruption Case, Bangka Belitung Govovernor Says

Acting Governor of Bangka Belitung says five smelters involved in the tin corruption case have laid off 1,000 workers.

Read More

Indonesia Joins Hand with UNDP, WHO to Launch Green Climate Fund

1 jam lalu

Indonesia Joins Hand with UNDP, WHO to Launch Green Climate Fund

The GCF project in Indonesia will be designed to increase the climate resilience of health services through climate adaptation and mitigation.

Read More

Legal Populism in the Tin Case

1 jam lalu

Legal Populism in the Tin Case

The Attorney General's Office needs to focus on the main perpetrators of corruption in tin trading in Bangka Belitung. Avoid legal populism.

Read More

Indonesia Sports Minister Discusses Partnership with Saudi Arabia's Al Nassr Club

2 jam lalu

Indonesia Sports Minister Discusses Partnership with Saudi Arabia's Al Nassr Club

Indonesian Minister Dito Ariotedjo discusses a sports partnership with the Saudi Arabian football club, Al Nassr.

Read More

Indonesia Expected to Lose 2.5 years of Life Expectancy Over Household Air Pollution: BRIN Research

2 jam lalu

Indonesia Expected to Lose 2.5 years of Life Expectancy Over Household Air Pollution: BRIN Research

BRIN researcher said that Indonesian people's awareness of indoor or household air pollution is still relatively low.

Read More

Kenya Flood Kills 181 as Homes and Roads are Destroyed

3 jam lalu

Kenya Flood Kills 181 as Homes and Roads are Destroyed

The death toll in Kenya exceeds that from floods triggered by the El Nino weather phenomenon late last year.

Read More

Indonesia, Turkiye Committed to Strengthen Bilateral Cooperation

3 jam lalu

Indonesia, Turkiye Committed to Strengthen Bilateral Cooperation

Minister Retno Marsudi in a working visit to Turkiye reiterated Indonesia's commitment to building a stronger bilateral cooperation.

Read More