JCI closes above 4,000, sets new all-time high
The Jakarta Post, Jakarta | Fri, 07/08/2011 5:07 PM
Jakarta Composite Index (JCI) closed up 1.63 percent at 4,003.69 points on Friday, having set a new all-time high during the day’s trading.
The index opened at 3,939.75, and breached the 4,000 psychological barrier at around 3 p.m., setting a new record high of 4,005.69 points.
The surge was attributed to a strong close on Wall Street overnight, with other Asian markets showing gains throughout the day. The Nikkei touched a 4-month high, and China reported closing a third straight weekly gain.
Leading the gains on the Indonesian bourse were Indo Tambangraya Megah (ITMG) closing up 5.36 percent to Rp 47,150 per share, and Astra International (ASII) which closed up 2.96 percent to Rp 67,800 per share.
