JCI Up 31.82pts to 4,433.11, Market Awaits ECB Speech Response

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  • TEMPO.CO, Jakarta - Stock price index (JCI) at the close of trading on Thursday, September 3, rose 31.82 points, or 0.72%, to 4,433.11.

    “Impact of the strengthening rate of US stocks on previous night gave good influence on the pace of Asian stock markets, and also a positive impact on the JCI rate.

    Market traders also took advantage of the momentum to re-accumulate stocks that have previously weakened. As a result, all sectors increased, especially for various industry sectors, property and basic industries.

    Even the mining index was supported with the market rise. Although domestically there has been no significant news to affect the market, the JCI rate gained from positive rate of the global stock markets.

    The still weakening rupiah rate and foreign re-sell, hampers the JCI rate. Foreign transactions is back on nett selling, from Rp533,03 billion to a net sale of Rp299,57 billion," said NH Korindo Securities Indonesia Head of Research Reza Priyambada in his research on Friday.