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JCI Unaffected by Politics, IDX CEO Says
The Jakarta Composite Index (JCI). ANTARA/Puspa Perwitasari
Tuesday, 31 October, 2017 | 14:54 WIB
JCI Unaffected by Politics, IDX CEO Says

TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) CEO Tito Sulistio said that the 2018 political year will not affect the Jakarta Composite Index (JCI). He said that the people can observe the trends in the previous political years. “During the 2014, 2009 [elections], 212 [Islamist] rally, and when Ahok was arrested, the composite index did not fall. I can provide you with the data,” Tito said today, Oct. 31, in an event titled Economic & Capital Market Outlook 2018 at the Financial Hall, Jakarta.

Tito further said that the previous political years even saw some shares gained. Regardless, he said that global financial phenomena may affect the JCI.

On the possibility of the JCI breaching 7,000 for the first time, Tito declined to comment. He said that he could not make any prediction.

The JCI earlier hit a new record of 6,000. Tito claimed that the index has soared owing to the robust domestic market as marked by increased savings and investment.


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