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JCI continues to rally on Friday
The Jakarta Composite Index (JCI) closed on a good note this week as positive sentiments from the regional market encouraged investors to buy stocks
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he Jakarta Composite Index (JCI) closed on a good note this week as positive sentiments from the regional market encouraged investors to buy stocks.
The JCI climbed by 0.35 percent, or equal to 15.56 basis points, to 4,446.20 while the index of the 45 most liquid stocks (LQ45) was up by 2.23 points or 0.30 percent to 757.06.
HD Capital analyst Yuganur Wijanarko said Friday's climb was supported by the strengthening of indexes in the regional market.
'We see that the positive sentiments from the regional market have encouraged investors to buy stocks,' he told Antara news agency.
Technically, he said, the fact that the JCI remained at the 4,300 level showed the trend would turn into a positive.
Meanwhile, Universal Broker head of research Satrio Utomo said the strengthening of the JCI was related to the recent oil price hike that had contributed to the rise of share prices of coal and gas companies.
The government's plan to issue an economic stimulus package had also contributed to Friday's rise, he said.
The Indonesia Stock Exchange (IDX) recorded 277,633 transactions with 4.31 billion shares worth Rp 5.11 trillion (US$357.7 million) in Friday's trading. As many as 183 shares strengthened and 115 stocks weakened, while 80 stocks remained stagnant.
In regional markets, the Hang Seng Index strengthened by 226.15 points (1.04 percent) to 21,612.39, the Nikkei Index strengthened by 561.88 points (3.03 percent) to 19,136.32 and the Straits Times Index rose by 10.51 points (0.36 percent) to 2,955.94. (ika)
