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JCI up 0.23% Monday morning
The Jakarta Composite Index (JCI) opened on a positive note on Monday as it rose by 0
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The Jakarta Composite Index (JCI) opened on a positive note on Monday as it rose by 0.23 percent to 5,157.18.
Indonesia Stock Exchange (IDX) data showed that 123 stocks rose by 9 a.m. on Monday while 81 stocks went down and 82 stocks remained stable, kontan.co.id reported.
The volume of trade during the opening session involved 2.074 billion shares worth Rp 881.24 billion (US$70.81 million).
Shares in eight out of 10 sectors traded on the IDX made improvements in the opening session with miscellaneous industry leading the list as it jumped by 0.53 percent, followed by the finance and mining sectors, which strengthened by 0.52 percent and 0.42 percent, respectively.
Companies whose shares in the LQ45 index saw the highest increase by 9 a.m. on Monday were PT Kalbe Farma (KLBF), PT Indocement Tunggal Prakarsa (INTP) and PT Waskita Karya (WSKT).
Meanwhile, PT XL Axiata (EXCL), PT Summarecon Agung (SMRA) and PT Bank Tabungan Negara (BBTN) were the index's biggest losers.
Asjaya Indosurya Securities analyst William Suryawijaya said the appreciation of the JCI was triggered by the stability of the rupiah in the market and the confidence of market players in the country's economic fundamentals.
"The high foreign capital flow entering the domestic market at the end of 2014 is going to continue to support the JCI,' William said as quoted by Antara news agency. (nfo)(++++)
