JCI Concludes in the Red on Monday's Close  

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  • Ilustrasi Indeks Harga Saham Gabungan (IHSG). ANTARA/Yudhi Mahatma

    Ilustrasi Indeks Harga Saham Gabungan (IHSG). ANTARA/Yudhi Mahatma

    TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) went down by 9.73 points or 0.19 percent to close at 5,172.48 points at the end of Monday's trading session, while the Top 45 (LQ45) Index similarly inched lower by 0.19 percent to close at 897.40 points.

    "After having traded in the green, the JCI reversed into the red during the afternoon's trading session as scores of investors chose to take profit out of the IDX's appreciation this morning," said the head researcher for Woori Korindo Securities Indonesia, Reza Priyambada in Jakarta on Monday, May 11, 2015.

    According to Reza, amidst the varied sentiments - both domestically as well as externally - investors are choosing short-term investments and actions in order to avoid further risks to the value of their portfolios.

    The Index's downtrend is also driven the decision of scores of foreign investors, which had chosen to unload their Rupiah-denominated holdings, continued Reza.

    According to IDX records, foreign investors booked a foreign net sell totalling Rp 66,670 billion at the start of this week's trading session.

    "That said, although foreign players are deciding to unload some of their shares, the extent of which has quite decreased, which opens the possibility of the Index's uptrend in the near future," said Reza.

    The Managing Partner for Investa Saran Mandiri, Kiswoyo Adi Joe, said that the JCI is moving towards a consolidation phase - with a possibility for an uptrend.

    "Market players should remain selective over what they buy in the bourse - especially since a chance of a rebound is still wide open," said Joe.

    IDX records show that there were 183,997 transactions, wherein 3.80 billion shares worth Rp 3.15 trillion were traded.

    Meanwhile across Asia, the Hang Seng index went up by 140.86 points or 0.51 percent to close at 27,718.20 points, the Nikkei gained 241.72 points or 1.25 percent to conclude trading at 19,620.91 points, while the Straits Times went up by 18.46 points or 0.56 percent to end trading at 3,471.42 points.

    ANTARANEWS