JCI Rebounds ahead of Fed Meeting

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  • Bursa Efek Indonesia. TEMPO/Tony Hartawan

    Bursa Efek Indonesia. TEMPO/Tony Hartawan

    TEMPO.CO, Jakarta - Foreign investors decided to reenter the Indonesia Stock Exchange (JCI) in today's first trading session. Investors returned to the trade floor on Monday, September 14, when the Jakarta Composite Index (JCI) rebounded ahead of the Federal Reserves' meeting.

    William Surya Wijaya, chief researcher at Asjaya Indosurya Securities, said that the JCI's rebound today was supported by global market sentiments.

    Trade stocks worldwide are moving wildly ahead of the FOMC meeting, which will decide on the US benchmark interest rate.

    "[JCI's gain] is the effects of the global movements. Today's net buy reached Rp24.27 billion. JCI closed the first session at 4378.60, increasing by 18.13 points," William said.

    Today's foreign net buy in the first session reached Rp24.27 billion, which is a breath of fresh air after nine consecutive days of selling.

    The JCI rose 18.13 points (0.42 percent) to 4738.60 on its mid-day close. The index stayed in the green zone throughout the first session, moving between 4365.57 and 4387.32 bps.

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