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JCI rises 3.02 points
The Jakarta Composite Index (JCI) on Tuesday opened at 4,587
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he Jakarta Composite Index (JCI) on Tuesday opened at 4,587.22, up 3.02 points or 0.07 percent, following the release of Indonesian economic data. Meanwhile, the LQ45 index strengthened by 0.54 points (0.07 percent) to 770.32.
'The JCI moved flat this morning as the recently published economic data recently was quite varied; nevertheless, the sentiment is still regarded as positive,' Valbury Asia Securities head of research Alfiansyah said in Jakarta on Tuesday, as quoted by Antara.
He said inflation slowed in February this year, standing at 0.26 percent or lower than inflation in January, which stood at 0.75 percent. Indonesia's manufacturing growth, however, suffered a decline.
He predicted that JCI movement could be supported by publicly listed companies' individual sentiments regarding the release of financial and dividend distribution reports for 2013.
Meanwhile, Mandiri Sekuritas technical analyst team said in its assessment that market worries on conflicts in Ukraine could potentially trigger capital outflows in developing countries.
'This could result in negative signs again. The JCI is predicted to fluctuate,' it said.
In regional markets, the Hang Seng Index rose 89.17 points (0.40 percent) to 22,589.84; the Nikkei Index was up by 67.75 points (0.46 percent) to 14,719.98 and the Straits Times Index strengthened by 8.96 points (0.29 percent) to 3,096.43. (ebf)
