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JCI enters green zone
The Indonesia Stock Exchange (idx
Change Size
The Indonesia Stock Exchange (idx.co.id) (idx.co.id)
The Indonesia Stock Exchange (idx.co.id)
Indonesia's equities market entered the green zone by rising 0.73 percent or 30.96 points to 4,254.87, while the rupiah appreciated by 38 points to Rp 14,652 per US dollar following positive sentiments in the regional market.
Chief economist at Bank Negara Indonesia (BNI) Ryan Kiryanto said the dollar reserve in Indonesia was increasing after the government gave incentives to the exporters who had kept their foreign exchange earnings from exports (DHE) in the local bank.
'[Rupiah] liquidity is getting stronger and the foreign exchange reserve grows, which eventually results in a stable rupiah," he said, as quoted by tribunnews.com.
In the regular market of the Indonesia Stock Exchange (IDX), the foreign investors recorded a net buy worth Rp 144.9 billion (US$9.8 million).
Nine of the ten sectoral indices rose, led by the Agricultural Sector Index with a 2.59 percent upsurge. On the other hand, the Financial Sector Index, the only sectoral index which recorded a correction, reduced by 0.09 percent.
There were 169 stocks that rose, 103 that declined and 83 that were unchanged. The trading volume reached 5.41 billion lots of shares with the daily transactions reaching a total of Rp 4.64 trillion.
Among the top gainers were PT Vale Indonesia Tbk (INCO) that increased 16.48 percent, PT Media Nusantara Citra Tbk (MNCN) that when up 12.8 percent and PT Adhi Karya (ADHI), which grew by 6.54 percent.
Meanwhile, the top losers were PT XL Axiata Tbk (EXCL), down 2.49 percent, PT Bank Central Asia Tbk (BBCA), down 2.24 percent, and PT United Tractors Tbk (UNTR), down 2.15 percent.
The MSCI Asia Pacific Index added 1.5 percent. Singapore's Straits Times Index rose 1 percent, Australia's S&P/ASX 200 increased 1.8 percent, South Korea's Kospi surged 0.8 percent and India's S&P BSE Sensex climbed 0.5 percent. (ags/bbn)
