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JCI rises 0.30% on Friday morning
The Jakarta Composite Index (JCI) opened on a positive note on Friday as it rose by 0
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he Jakarta Composite Index (JCI) opened on a positive note on Friday as it rose by 0.30 percent to 5,467.15, supported by positive sentiments from both global and domestic markets.
Shares of the blue chip companies strengthened by 0.43 percent to 950.67.
'Positive sentiments from the regional market help improve the performance of the JCI in the opening session,' Valbury Asia Securities head of research Alfiansyah said as quoted by Antara news agency.
Alfiansyah said indexes that appreciated across the Eurozone following the outcomes of the European Central Bank's (ECB) meeting have made the investors confident about the European economy.
In the internal market, he said Bank Indonesia's statement that the depreciation of the rupiah would not hurt the state budget created good sentiments for shares traded on the Indonesia Stock Exchange (IDX).
He also said the domestic currency's downward trend was mostly driven by factors from the global market, showing that the country's economic fundamentals remain strong at the moment.
Meanwhile, in the regional market, Hong Kong's Hang Seng and Japan's Nikkei strengthened by 0.07 percent and 0.85 percent, respectively, during the opening session on Friday.
Singapore's Straits Times also opened in the black, it rose by 0.53 percent. (nfo)
