TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsJCI falls 0.27% at Monday's opening
The Jakarta Composite Index (JCI) opened on a negative note on Monday, declining by 0
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
The Jakarta Composite Index (JCI) opened on a negative note on Monday, declining by 0.27 percent to 5,202.74.
In addition to that, shares in the LQ45 index weakened by 0.39 percent to 895.3.
Valbury Asia Securities head of research Alfiansyah said that external trends contributed to the decline in the JCI during the first trading session.
He said that most indexes around the world declined because of a drop in global oil prices.
'Declines in oil prices have put pressure on indexes worldwide, including the JCI,' Alfiansyah said on Monday as quoted by Antara news agency.
He said, however, that if the rupiah could remain relatively stable throughout this week, the JCI would be able to appreciate slightly.
'Maintaining the stability of the rupiah is one crucial key to prevent the JCI from falling,' he added.
Meanwhile, Woori Korindo Securities Indonesia's head of research, Reza Priyambada, said that the depreciation of the JCI was mostly triggered by the fact that market players were waiting to learn Bank Indonesia's policy before the weekend.
Bank Indonesia is expected to announce whether it will increase its benchmark interest rate this week. (nfo)
