Weekend Profit-taking Drives JCI Down by 1.92%
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) closed today's trade, December 18, with a 87.31-point (1.92 percent) dive to 4468.65. The JCI came under pressure as investors decided to profit-take following the index's three-day rally before and after the Fed rate hike.
Throughout the day, the JCI moved between 4467.06 and 4514.54, with 524 stocks traded. Eighty stocks recorded gains while 177 weakened and 267 stagnated.
All nine sectors listed on the Indonesia Stock Exchange (IDX) were corrected, with the financial sector recording the biggest decline of 3.09 percent.
Meanwhile, the rupiah closed on a high note with a 0.65 percent (91 bps) gain against the greenback to Rp13,918 per US dollar.
Today's trade at the IDX was overshadowed by negative sentiments from the crude oil market early this morning, which corrected US markets.
"The global oil price correction weakened the index. Investors are now focusing on how strong the US economy would be after The Fed raises its rates," Samuel Sekuritas research team wrote as Bisnis Indonesia reported.
RR | BISNIS