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JCI fluctuates ahead of KPU result announcement
Just hours before the General Elections Commission (KPU) is due to announce the final results of the presidential election, the Jakarta Composite Index (JCI) has been fluctuating Tuesday morning
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Just hours before the General Elections Commission (KPU) is due to announce the final results of the presidential election, the Jakarta Composite Index (JCI) has been fluctuating Tuesday morning.
The JCI opened on a positive note at 9 a.m. but by 9:11 a.m., it had fallen by 0.18 percent to 5,117.3.
According to Indonesia Stock Exchange (IDX) data, 88 stocks weakened, while 66 stocks strengthened and 56 remained unchanged, kontan.co.id reported.
The volume of transactions involved 619.08 million shares worth Rp 814.828 billion (US$70.07 million).
Shares in eight of the 10 sectors traded on the IDX weakened in Tuesday's first trading session, with construction recording the biggest decline, weakening by 0.67 percent.
Infrastructure and consumer products followed, declining by 0.51 percent and 0.38 percent, respectively.
The LQ45 Index's biggest losers were PT XL Axiata, PT Sentul City and PT Malindo Feedmill, while PT Express Transindo, PT Global Mediacom and PT Tower Bersama Infrastruktur were the index's highest gainers.
The KPU is slated to announce the winning presidential ticket at 4 p.m. today (Tuesday).(nfo)
