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JCI declines 0.08% in trade closing
The Jakarta Composite Index (JCI) closed on a negative note in Tuesday's final trading session, declining by 0
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he Jakarta Composite Index (JCI) closed on a negative note in Tuesday's final trading session, declining by 0.08 percent to finish at 5,137.57.
The volume of trade involved 7.17 billion shares worth Rp 6.08 trillion (US$498.56 million) by 4 p.m on Tuesday, kompas.com reported.
Indonesia Stock Exchange (IDX) data showed that 154 stocks weakened while 148 stocks strengthened and 86 stocks remained stable.
Shares in six out of 10 sectors traded on the IDX failed to make improvements during the closing session, with property recording the biggest fall as it declined by 0.37 percent, followed by infrastructure and mining with 0.36 percent and 0.31 percent, respectively.
Shares recording the largest jump were in the miscellaneous industries, rising by 0.55 percent.
Both internal and external sentiments were behind the decline in the JCI in the afternoon trade.
Internally, the Constitutional Court's decision to reject the request for a judicial review of the MD3 Law filed by the Indonesian Democratic Party of Struggle (PDI-P) on Monday and the law on regional elections (Pilkada), which will soon be challenged at the same court, have created instability in the country.
Meanwhile, externally, protests in Hong Kong and Chinese declining manufacturing data have shaken indices across Asia.
In the regional market, Japan's Nikkei and Hong Kong's Hang Seng dropped by 0.84 percent and 1.28 percent, respectively. (nfo)(++++)
