JCI Breaks Record at Monday's Close
9 February 2015 19:10 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) breached its record position on Monday evening, closing at 5,348.47.
The JCI went up by 5.95 points or 0.11 percent to close at 5,348.47, while the Top 45 (LQ45) Index rose by 2.40 points or 0.26 percent to conclude trading at 926.28 points.
Prior to closing at a record high this evening, the Index breached its record on Friday, February 6, 2015, when it closed at 5,331.27.
"External factors are helping the JCI sustain its uptrend, which allowed it to close at a record high yet again," said a senior analyst for LBP Enterprise, Lucky Bayu Purnomo, in Jakarta on Monday.
Purnomo explained that the high amount of liquidity available in Asia, which is partly contributed by Japan, had allowed the domestic market to go on an uptrend.
Furthermore, the market's anticipation of the upcoming G20 meeting, which aims at discussing the economic prospects of developing nations, whose growth is projected to remain positive, is also boosting the domestic Index.
From Europe, Purnomo explained that the performance figure of the manufacturing industry, which is due to be released this week, is also expected to positively grow. Meanwhile from the United States, the readjustment of the budget designed to boost its economic growth is also causing the US Index to rise.
"The combination of positive sentiments from Asia, Europe, and the US are driving investors to accumulate shares," said Purnomo.
Investors are also further encouraged by the positive financial performances reports for 2014—in fact, the IDX grew by 22.29 percent throughout 2014. "The IDX's growth is reflective of the performance of publicly-traded companies in 2014," continued Purnomo.
The IDX records show that there were 202,024 transactions throughout Monday's trading session, wherein 4.40 billion shares worth Rp4.74 trillion were traded. The shares of 144 companies experienced an uptrend, 143 experienced some degrees of negative correction, while 113 others remained stagnant.
Meanwhile across Asia, the Hang Seng Index slid by 158.39 points or 0.64 percent to conclude trading at 24,521.00, the Nikkei climbed by 63.43 points or 0.36 percent to close at 17,711.93, while the Straits Times Index slipped by 11.65 points or 0.34 percent to 3,419.71.
ANTARA