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JCI rises 0.26% on Tuesday morning
The Jakarta Composite Index (JCI) opened on a positive note on Tuesday, climbing by 0
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The Jakarta Composite Index (JCI) opened on a positive note on Tuesday, climbing by 0.26 percent to 5,490.66 points.
The Indonesia Stock Exchange (IDX) data revealed that 115 stocks strengthened in the first trading session while 65 stocks weakened and 76 stocks remained unchanged, kontan.co.id reported.
The volume of trade in the morning involved 1.06 billion stocks worth Rp 1.19 trillion (US$91.63 million).
Shares in eight out of 10 sectors traded on the IDX opened in black with miscellaneous industry leading the list as it rose by 0.55 percent, followed by finance and trade, which strengthened by 0.52 percent and 0.44 percent, respectively.
Stocks that failed to record improvement in the opening session on Tuesday were basic industry and infrastructure that declined by 0.38 percent and 0.13 percent, respectively.
Universal Broker Indonesia analyst Alwy Assegaf said the country's deflation at 0.36 percent throughout February this year had supported the trade of shares on the JCI this morning.
He cautioned, however, that the JCI might be pressured later since the rupiah interbank trade rate against the US dollar was approaching Rp 13,000 per US dollar. (nfo)
