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JCI climbs 0.43% on Monday morning
The Jakarta Composite Index (JCI) opened on a positive note on Monday, climbing by 0
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The Jakarta Composite Index (JCI) opened on a positive note on Monday, climbing by 0.43 percent to 5,133.94.
In addition to that, shares of blue-chip companies traded on the Indonesia Stock Exchange (IDX) rose by 0.63 percent to 884.06 by 9 a.m on Monday.
"Sentiment from China, which has just reduced its benchmark deposit rates and lending rates by 25 basis points and 40 basis points, respectively, helped strengthen indices across Asia in the morning,' Samuel Sekuritas analyst Tiesha Narandha Putri said in Jakarta as quoted by Antara news agency.
She also said the European Central Bank's statement saying that it planned to provide more stimulus to help stabilize the economy in Europe created positive sentiments in the global financial market.
'We predict that shares in commodities will perform very well throughout the day,' she said.
PT Astronacci International investment strategist chief Gema Goeyardi added that there was a good chance the JCI would continue strengthening this week after experiencing some corrections last week.
'The JCI is expected to reach the 5,180 mark by the end of this week,' Gema said.
In the regional markets, Hong Kong's Hang Seng and Japan's Nikkei jumped by 1.67 percent and 0.22 percent, respectively.
Singapore's Straits Times Index also recorded an improvement in the first trading session as it increased by 0.25 percent to 3,353.66. (nfo)
