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Jakarta Post

JCI falls 0.09% Wednesday morning

The Jakarta Composite Index (JCI) opened on a negative note on Wednesday as it weakened slightly by 0

The Jakarta Post
Jakarta
Wed, January 28, 2015

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JCI falls 0.09% Wednesday morning

The Jakarta Composite Index (JCI) opened on a negative note on Wednesday as it weakened slightly by 0.09 percent to 5,272.22.

In addition to that, shares of the blue chip companies traded on the Indonesia Stock Exchange (IDX) fell by 0.14 percent to 914.85.

'€œNegative sentiments from the external market affected share trade in Indonesia this morning,'€ Valbury Asia Securities head of research Alfiansyah said in Jakarta on Wednesday as quoted by Antara news agency.

He said that the recently published Chinese macroeconomic data showed that Chinese industry was experiencing slowdown.

'€œThis situation will affect the growth of investment [in China],'€ he said, adding that it was likely to affect Indonesia since China was the country'€™s main trade partner.

Another external sentiment that contributed to the fall of the JCI in the first trading session was the declining demand of durable goods in the US.

He said that this situation had weakened indices on Wall Street and many stock exchanges across Asia, including the IDX.

Meanwhile in the regional market, Hong Kong'€™s Hang Seng and Japan'€™s Nikkei fell by 0.33 percent and 0.10 percent, respectively, on Wednesday morning. (nfo)

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