TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) closed Thursday's trade with a correction, triggered by negative sentiments over trade war issues.
The index closed down 153.50 bps (2.55 percent) to 5,858.73. Meanwhile, the LQ45 index slipped 30.32 bps (3.14 percent) to 933.96.
Kresna Sekuritas president director Octavianus Budiyanto said the JCI, along with other global exchanges, was weakened by external sentiments from the trade war issues.
"The trade war between the United States and China still exists, and it overshadows the stock market's movement," he said.
Read: JCI Drops 1.24 Percent over Rupiah Depreciation
He also said that the rupiah's correction against the US dollar further pushed the index down. Nevertheless, he hopes that Indonesia's strong fundamentals will be able to withstand these external blows.
Capital market observer Aria Santoso shared similar sentiments and said that the trade war issue had created uncertainties in financial markets worldwide. This situation urges investors to leave assets that are prone to risks, such as stocks.
Read: IDX: JCI to Deliver Positive Performance in Political Year
Today's trade at the IDX saw 7,300 billion units of shares worth Rp8.813 trillion transacted for 407,980 times. Sixty-nine stocks recorded price gains while 333 depreciated and 85 unchanged.
ANTARA
