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JCI strengthens 0.13% in afternoon session

The Jakarta Composite Index (JCI) closed on a positive note on Friday asit increased by 0

The Jakarta Post

Jakarta

Fri, April 25, 2014 Published on Apr. 25, 2014 Published on 2014-04-25T19:10:54+07:00

JCI strengthens 0.13% in afternoon session

T

he Jakarta Composite Index (JCI) closed on a positive note on Friday asit increased by 0.13 percent to 4,897.64, Antara news agency reported.

HD Capital analyst Yuganur Wijanarko said the index was projected to remainstrong in the near future as market players were waiting for every firm's firstquarter financial report in 2014.

He recommended that market players continue to monitor the rupiah ratethroughout the first quarter of 2014 and a potentially lower Bank Indonesia(BI) rate in the second quarter.

Meanwhile, Trust Securities head of research Reza Priyambada said lessening foreigninvestor share purchase actions had improved the JCI last weekend.

"Some shares across Asia are getting stronger," Reza said in Jakartaon Friday.

According to Indonesia Stock Exchange (IDX) data, foreign net sells reached Rp 16.831 billion (US$1.44 million).

In addition, the volume of transactions involved 3.51 billion shares worth Rp 4.69 trillion.

IDX data showed 188 stocks had strengthened in the afternoon while 124 shares weakened and 86 shares stayed unchanged.(nfo)