TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) was opened on a high in its inaugural trade following the inauguration ceremony of President Jokowi and Vice President Ma’ruf Amin on Sunday, October 20, with trades at the Indonesia Stock Exchange (IDX) (09:08) was held 0.45 percent stronger at 6,220.073.
Just one day after the presidential vice-presidential inauguration ceremony, 154 issuers saw a rise in stock value while 67 experienced drops, with 141 under stable condition following 38,733 trades with a turnover of Rp519,302 billion.
Analyst Muhamad Nafan Aji Gusta said that the presidential swear-in will continue to be a positive sentiment towards next week’s Jakarta Composite Index.
Nafan said that based on its indicators, the MACD has formed a golden cross pattern in the negative area while Stochastic and RSI continue to show positive signals. The upward bar indicates a potential for a bullish continuation in the JCI movement that could lead to the closest resistance.