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JCI falls slightly on Tuesday morning
The Jakarta Composite Index (JCI) opened on a negative note on Tuesday as it weakened slightly by 0
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The Jakarta Composite Index (JCI) opened on a negative note on Tuesday as it weakened slightly by 0.11 percent to 5,254.45 points.
In addition, shares of blue chip firms traded on the Indonesia Stock Exchange (IDX) went down by 0.15 percent 911.63 points by 9 a.m. on Tuesday.
'The index tended to weaken this morning because the market players tended to sell their shares,' Woori Korindo Securities Indonesia head of research Reza Priyambada said as quoted by Antara news agency.
He said the index, however, did not fall significantly because indices across Asia were in an upward trend during the morning session.
He added that the fact that the market players had not responded to the conflict between the National Police and the Corruption Eradication Commission (KPK) helped the JCI to strengthen a little.
'We are hoping that the conflict will not affect the share trade in the market,' he said.
By 9:30 a.m., the IDX revealed that the JCI had started to climb, rising by 0.14 percent to 5,268.62.
In the regional market, meanwhile, the Hong Kong's Hang Seng weakened by 0.07 percent to 24,891.57.
Japan's Nikkei and Singapore's Straits Times rose by 1.42 percent and 0.64 percent to 17,717.44 and 3,419.83, respectively. (nfo)
