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JCI down 0.62% at opening
The Jakarta Composite Index (JCI) opened on a negative note in Friday's first trading session, falling by 0
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The Jakarta Composite Index (JCI) opened on a negative note in Friday's first trading session, falling by 0.62 percent to 5,066.
The LQ45 index fell by 1 percent to a level of 867.25.
"Profit-taking action has to pressure the JCI because the positive sentiment after the presidential election has started to end," Valbury Asia Securities research head Alfiansyah said in Jakarta on Friday as quoted by Antara news agency.
However, he said that JCI still had good potential to strengthen throughout every trading session on Friday even though it would be limited.
He said that if the General Elections Commission's (KPU) announcement of the winner of presidential election, slated for July 22, went peacefully and smoothly, foreign investment would flood into the country.
"A peaceful election is a very important thing for global investors. So, the potential of the JCI to continue to record significant improvement remains open," he added.
In the regional market, Hong Kong's Hang Seng and Singapore's Straits Times strengthened by 0.19 percent and 0.52 percent, respectively.
Meanwhile, Japan's Nikkei weakened by 0.25 percent. (nfo)
