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JCI up 1.43% at close
The Jakarta Composite Index (JCI) strengthened in afternoon trading on Monday as foreign investors began once again to buy local stocks
The Jakarta Composite Index (JCI) strengthened in afternoon trading on Monday as foreign investors began once again to buy local stocks.
The JCI strengthened by 63.40 points, or 1.43 percent, to 4,509.60 while the index of the 45 most liquid stock group (LQ45) was up by 13.74 points (1.82 percent) to 770.81.
Investa Saran Mandiri analyst Kiswoyo Adi Joe credited the rise on foreign buyers moving into the market.
'The actions of foreign investors who have begun buying again are expected to continue. Moreover, the national economic situation is still considered quite positive,' he said as quoted by Antara.
The analyst added that it was expected that a scheduled meeting between International Monetary Fund (IMF) managing director Christine Lagarde and President Joko Widodo and several other officials to discuss the global economy could be used as a reference for Indonesia to anticipate the global economic slowdown.
In regional markets, Hong Kong's Hang Seng Index strengthened by 58.19 points (0.27 percent) to 21,670.58, Japan's Nikkei Index was down by 245.84 points (1.28 percent) to 18,890.48 and Singapore's Straits Times Index weakened by 24.29 points (0.84 percent) to 2,932.04. (ebf)
