TEMPO.CO, Jakarta – The Jakarta Composite Index (JCI) climbed 27.4 points (0.53 percent) to close at 5201.4 bps yesterday. The Indonesia Stock Exchange (IDX) noted 5.2 billion shares worth Rp 5.1 trillion were traded, with foreign net sales amounting to Rp550 billion.
Investa Saran Mandiri analyst John Vetter said the index gain was triggered by local investors' purchases on blue chip stocks.
"Positive sentiments from regional markets as well as expectations of a lower inflation in September gave market participants confidence in buying stocks," he said yesterday.
Investors are advised to focus on first and second tier stocks that were corrected in the last couple of days. These stocks include BBRI, BBCA, TLKM, KLBF, and BBTN.
A number of property stocks also gained, such as BSDE, CTRA, and ASRI.
Today, the index is expected to move in a consolidative range of 5,100 to 5,250 bps.
PDAT | M. AZHAR