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Jakarta Post

JCI rises 1.17%, sets a new record at Friday'€™s close

The Jakarta Composite Index (JCI) set a new record high in Friday’s final trading session of 5,514

The Jakarta Post
Jakarta
Fri, March 6, 2015

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JCI rises 1.17%, sets a new record at Friday'€™s close

T

he Jakarta Composite Index (JCI) set a new record high in Friday'€™s final trading session of 5,514.78, up by 1.17 percent from the previous session.

Shares in blue chip companies traded on the Indonesia Stock Exchange (IDX), meanwhile, strengthened by 1.51 percent to 960.78.

"The JCI continues its appreciation as funds from foreign investors continue to flow into the domestic market," NH Korindo Securities Indonesia head of research Reza Priyambada said as quoted by Antara news agency.

Reza said that Bank Indonesia'€™s data showing the country'€™s foreign exchange reserves rose to US$115.5 billion throughout February 2015, up by $1.3 billion from the previous month'€™s $114.2 billion, created positive sentiment in the market during the closing session.

Separately, IDX president director Ito Warsito added that the flow of foreign capital in the IDX showed investors'€™ confidence about the Indonesian market.

"Foreign investors have been pouring capital into the secondary market since January [2015]," Ito said.

IDX data showed the volume of trade between lunchtime and the closing bell was worth Rp 5.64 trillion (US$434.28 million), involving 4.42 billion stocks in 221,540 transactions.

It also revealed that 161 stocks strengthened by 4 p.m on Friday while 132 stocks weakened and 113 stocks remained unchanged.

Moreover in the regional markets, Hong Kong'€™s Hang Seng ended down by 0.12 percent.

Japan'€™s Nikkei and Singapore'€™s Straits Times indexes, however, rose by 1.17 percent and 0.66 percent, respectively. (nfo)(++++)

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