JCI Opens in the Green on Monday's Start  

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  • Dua orang melintas di depan layar indeks harga saham di Bursa Efek Indonesia (BEI), Jakarta, 7 Juli 2014.  TEMPO/Tony Hartawan

    Dua orang melintas di depan layar indeks harga saham di Bursa Efek Indonesia (BEI), Jakarta, 7 Juli 2014. TEMPO/Tony Hartawan

    TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) opens in the green at the start of Monday's trading session - reflective of the general uptrend experiend by the majority of Asian bourses across the region on Monday morning.

    The JCI opens higher by 24.09 points or 0.46 percent to commence trading at 5,206.30 points, while the Top 45 (LQ45) Index similarly opened higher by 4.72 points or 0.53 percent to begin trading at 903.04 points.

    "The JCI's uptrend is reflective of the movement experienced by the majority of bourses across Asia on Monday morning," said the head of research for Valbury Asia Securities, Alfiansyah, on Monday in Jakarta.

    That said, Alfiansyah added that the lack of positive boost from within Indonesia's economic sphere may hold te Index back from appreciating further - among the most watched factor is the continued depreciation of the Rupiah against the greenback.

    "The Rupiah is currently trading at around the pyschological ceiling of around Rp13,000 per US Dollar - which compounds worries among local investors, especially considering that the majority of publicly traded companies are posting lacklustre financial reports in the first quarter (Q1) of 2015," said Alfiansyah, who added that the lacklustre figures could spillover to the Q2 of 2015.

    Meanwhile, an economist for Samuel Sekuritas, Akhmad Nurcahyadi, said that a selective acquisition of shares across several sectors in The domestic index is helping the JCI prop up its' value - that said, the varied economic indicators may indeed push scores of investors to take profit from the temporary gains of the Index.

    Meanwhile across Asia, the Hang Seng Index went up by 150.55 points or 0.55 percent to commence trading at 27,727.89 points, the Nikkei inched upwards by 240.91 points or 1.24 percent to begin trading at 19,620.10 points, while the Straits Times Index similarly went up by 12.47 points or 0.36 percent to begin trading at 3,463.92 points on Monday morning.

    ANTARA NEWS