JCI Closes in the Red on Thursday's Close
28 May 2015 21:06 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) closed in the red at the end of Thursday's trading session - in line with the trend observed on bourses across Asia.
The JCI slipped by 15.98 points or 0.30 percent to close at 5,237.40 points, while the Top 45 (LQ45) Index similarly closed lower by 2.70 points or 0.30 percent to end trading at 910.22 points at the end of Thursday's trading session.
The Head of Research for Universal Broker Indonesia, Satrio Utomo in Jakarta said that the domestic share market plunged into the red zone after having appreciated at the start of Thursday's trading session.
Utomo said that the JCI is unable to continue its' uptrend as external factors continue to put pressure on the Index. "The Hang Seng Index - which had depreciated quite significantly - is adversely impacting the movement of bourses across the Asian region," he said.
Utomo added that the situation is driving foreign investors to unload their Rupiah-denominated holdings, which causes the Index to depreciate further.
According to IDX records, foreign investors unloaded Rp 482.887 billion worth of holdings throughout Thursday's trading session.
Meanwhile, an analyst for HD Capital, Yuganur Wijanarko, predicts that the Index is slated to return into the green zone on Friday, as investors are expected to begin accumulating shares after the Index experienced negative corrections for two consecutive days.
"The corrections have given investors the chance to return into the market. Technically speaking, the IDX is set to appreciate towards its' resistance level at 5,335 points," said Wijanarko.
IDX records show that there were 230,082 transactions wherein 3.42 billion shares worth Rp 3.90 trillion were traded throughout Thursday's trading session.
Meanwhile across Asia, the Hang Seng Index plunged by 626.90 points or 2.23 percent to conclude trading at 27,454.32 points, the Nikkei went up by 78.88 points or 0.39 percent to close at 20,551.46 points, while the Straits Times slipped by 7.71 points or 0.21 percent to end trading at 3,417.77 points.
ANTARANEWS
