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JCI strengthens 13.29 points to 5,480
The Jakarta Composite Index (JCI) strengthened by 13
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he Jakarta Composite Index (JCI) strengthened by 13.29 points or 0.20 percent to 5,480.16 in Thursday's first trading session, aided by trust among investors on the domestic economy.
Meanwhile, the 45-most liquid stocks (LQ45) index strengthened by 3.34 points (0.35 percent) to 955.18.
"After sharply falling on Wednesday, the JCI moved upward again in line with trust among investors on the domestic economy, thereby pushing them to enter the market," Samuel Sekuritas analyst Akhmad Nurcahyadi said as quoted by Antara news agency.
He also attributed the strengthening of the JCI to improvement in the works of issuers in the first quarter of this year. On the other hand, the rise of the rupiah exchange rate had also helped the JCI continue its upward movement, he said.
"The accumulation of the positive sentiments on the domestic market coupled with a similar stance from the Asia-Pacific stock exchanges will continue to have a positive effect on the JCI today," he said.
Chief researcher of Valbury Asia Securities Alfiansyah said that the government's aggressive promotion of infrastructure development was expected to have a positive impact on the work of the related share sectors.
"The government plans to search for fund sources through loans from China and Japan. The government reportedly has three months to convince both China and Japan that Indonesia will not face any obstacles in paying the loans in installment," he said.
He said that if the two countries were willing to disburse the funds, it would be good news for businesspeople and investors as well as those at the stock market. (hhr)
