JCI Closes in Green at Thursday's Close
12 March 2015 20:04 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) went up by 20.26 points at the end of Thursday's trading session, driven by the high level of confidence among investors on Indonesia's economic prospects.
The JCI inched upwards by 20.26 points or 0.37 percent to conclude trading at 5,439.83 points, while the Top 45 (LQ45) Index similarly rose by 3.54 points or 0.38 percent to close at 945.05 points.
IDX Director for the Development of Capital Market, Friderica Widyasari Dewi, said in Jakarta on Thursday that the Index was still relatively stable, considering the persisting negative sentiments—one of which is the rupiah's continued depreciation against the greenback. "The JCI's fluctuation is rather anomalous. However, the Index's outlook remains positive for the time being," she said.
According to Dewi, long-term investors in the domestic market will drive the performance of local industries in the longer run. Also, foreign capital has yet to cease flowing into the domestic share market.
"Throughout 2015, foreign investors have booked a net buy of around Rp10 trillion," said Dewi.
Meanwhile, an analyst for HD Capital, Yuganur Wijanarko, said that market players are beginning to re-accumulate shares after the Index experienced negative corrections on Wednesday.
According to Wijanarko, the accumulation is partly driven by the fact that most of publicly-listed companies have managed to book positive results throughout the Q1 of 2015, as well as the speculation that Bank Indonesia (BI) might decide to lower its rate in light of Indonesia's stable inflation figure.
IDX records show that throughout Thursday's trading session, there were 210,570 transactions wherein 4.55 billion shares worth Rp4.4 trillion were traded. The shares of 163 companies experienced appreciations, 117 shares saw varying degrees of negative corrections, while 116 shares remained unchanged.
Meanwhile, across Asia, the Hang Seng Index climbed by 79.99 points or 0.34 percent to close at 23,797.96 points, the Nikkei went up by 267.59 points or 1.43 percent to conclude trading at 18,991.11 points, while the Straits Times Index slipped by 4.99 points or 0.15 percent to close at 3,373.60 points.
ANTARA
