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Jakarta Post

JCI rises 0.16% at Friday's opening

The Jakarta Composite Index (JCI) opened on a positive note on Friday, rising by 0

The Jakarta Post
Jakarta
Fri, December 5, 2014

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JCI rises 0.16% at Friday's opening

The Jakarta Composite Index (JCI) opened on a positive note on Friday, rising by 0.16 percent to 5,185.25.

Shares of blue chip companies traded in the Indonesia Stock Exchange (IDX) strengthened by 0.23 percent to 894.22, Antara news agency reported.

Shares in all sectors traded on the IDX made improvements during the first trading session with agriculture leading the list with a jump of 1.34 percent, followed by miscellaneous industries.

In the regional market, China'€™s Shanghai Composite Index increased by 1 percent while South Korea'€™s KOSPI and Japan'€™s Nikkei weakened by 0.3 percent and 0.1 percent, respectively, on Friday morning.

Samuel Sekuritas analyst Tiesha Narandha said that the increase of the JCI in the morning was supported by strong positive sentiments in the domestic market.

'€œBank Indonesia'€™s statement saying that Indonesia'€™s economy can grow further in 2015 by 5.4 p to 5.8 percent has increased optimism among the financial market players. The figure is even bigger than this year'€™s achievement of 5.1 percent economic growth,'€ she said. (nfo)

 

 

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