TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
JCI weakens by 16.05 points to 5,352 at opening session
The Jakarta Composite Index (JCI) weakened by 16
Change Size
The Jakarta Composite Index (JCI) weakened by 16.05 points or 0.30 percent at the opening session on Friday to 5,352.74.
Meanwhile, the index of the 45 most liquid stocks (LQ45) was down by 4.07 points (0.48 percent) to 927.93.
"The relatively positive sentiment on the domestic market has been affected by the external sentiment, thereby burdening the JCI rate," head of research at Valbury Asia Securities Alfiansyah said on Friday as quoted by Antara news agency.
Alfiansyah said that the statement by Fed's Atlanta President Dennis Lockhart that the interest rate hike would likely be taken on September has posed as one of the negative sentiment on the stock markets.
He also said that the markets were still waiting for a decision by the Greek government on the bailout. If the Greek government is committed in line with what the Europen Union wants, it will give a positive impact on the market.
"It is expected that the Greek government will be able to convince the creditors that it will carry out its economic reform," he added.
Asjaya Indosurya Securities analyst William Surya Wijaya said that the JCI condition has not been tough enough amid the global sentiment shock, but stability of the domestic economy and stable fluctuation in rupiah exchange rate has been able to help curb it from any deeper pressure.
"In the middle-range term, the JCI trend remains on the upward," he said. (hhr)
