Business

JCI hits 12% year-on-year
growth

The Jakarta Composite Index (JCI) closed at satisfying level with double-digit growth this year.

The JCI ended at 4,316.69 on Friday, the last day of trading this year, increasing by 0.81 percent compared to a day earlier.

Friday's closing also marked a 12.94 percent increase compared to last year's 3,821.99, when the index only inched up by 3 percent.

"We must be thankful that the index ended above the 4,300 level," Finance Minister Agus Martowardojo said during his speech, minutes before the close of trading on Friday.

He noted that in 2002, the index stood at a meager 417.

This year’s performance amid a bleak global economic outlook has raised optimism in the capital market for next year.

"We are sure that the index will keep increasing next year, because Indonesia will remain the center of the world's economic growth. Investors will increase their investments in Indonesia, leading to an increase in stock prices," Indonesia Stock Exchange (IDX) president director Ito Warsito said.

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