TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) moved slightly lower by 0.17 points to close at 5,048.66 points at the end of Thursday's trading session. Meanwhile, the Top 45 (LQ45) Index gained by 1.35 points or 0.16 percent to close at 864,55 points.
William Suryawijaya, an analyst for Asjaya Indosurya Securities, said in Jakarta that the influx of foreign investors into the index is stopping the IDX from slipping further amid the general downtrend experienced by Asian bourses in the region.
"Throughout the entire trading session, the IDX was in the red zone, but it managed to recover most of its losses by late afternoon as foreign investors continued to pour their capital into Indonesia, thus preventing the IDX from dipping any further than it has," said William.
Foreign investors booked a net purchase of Rp149.66 billion on Thursday, according to IDX records. "The fact that investors have continued to invest in Indonesia shows that investors are still confident of Indonesia's economic prospects," said William, who predicts that the IDX may continue to move towards an upper limit of 5,094 points.
The IDX records on Thursday show there were 180,044 transactions throughout today's trading session, where 2.89 billion shares were traded with a total capitalization of Rp2.99 trillion. A total of 135 shares strengthened, 155 shares experienced some losses, while 107 shares remained stagnant.
Meanwhile across Asia, the Hang Seng Index jumped by 81.76 points or 0.34 percent to 24,019.94 points, the Nikkei went up by 195.64 points or 1.14 percent to 17,392,79 points, while the Straits Times rose by 21.67 points or 0.66 percent to 3,305.38 points.