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JCI rises slightly at Thursday's close
The Jakarta Composite Index (JCI) closed on a positive note on Thursday, rising slightly by 0
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The Jakarta Composite Index (JCI) closed on a positive note on Thursday, rising slightly by 0.05 percent to 5,450.94 points.
Indonesia Stock Exchange (IDX) data also showed that shares of blue-chip companies had strengthened to a small degree by 0.01 percent to 946.57 points by 4 p.m. on Thursday.
Asjaya Indosurya Securities analyst William Suryawijaya said that the JCI was able to make improvements in the final trading session as market players were optimistic regarding the country's future economic development.
'Expectations of healthy foreign-exchange reserves and trade balance have helped strengthen the JCI in the financial market,' William said as quoted by Antara news agency.
He also said that global oil prices, which recently increased to US$52 per barrel, would create positive sentiment in shares in the mining sector.
Separately, BNI Asset Management senior fund manager Hanif Mantiq said that a number of investors were worried about the rupiah's performance, which has been on a downward trend for the past several days.
Hanif claimed that the trend had limited the performance of the JCI during the closing session on Thursday.
In addition, IDX data revealed that the volume of trade between the lunchtime and final trading sessions involved 4.2 billion shares worth Rp 4.63 trillion (US$356.51 million).
As many as 154 stocks traded on the IDX appreciated while 141 stocks weakened and 105 stocks remained stable.
In the regional market, meanwhile, Hong Kong's Hang Seng and Singapore's Straits Times sunk by 1.11 percent and 0.26 percent, respectively. (nfo)(+++)
