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JCI skyrockets 3% at Monday's close
The Jakarta Composite Index (JCI) rose by 3
Change Size
The Jakarta Composite Index (JCI) rose by 3.23 percent to 4,343.7 at Monday's close, after foreign investors sought Indonesia's equities following a decrease in US manufacturing jobs in September.
Bloomberg, as quoted by kontan.com, reported that the MSCI Asia Pacific Index rose 1.3 percent to 128.01. South Korea's Kospi added 0.4 percent, Australia's S&P/ASX 200 index climbed 2 percent while Hong Kong's Hang Seng was up 1.6 percent.
'Throughout this year we've had moments when stocks rise on the increased probability of a rate increase in the US, but at the end of last week the market saw the probable delay there as a positive,' said Okasan Securities Co. chief equity strategist Shoji Hirakawa.
The foreign investors booked Rp 400 billion (US$27.6 million) of net buys in the regular market, from the total daily trade of Rp 1.8 trillion.
Monday saw 214 stocks rise on the Indonesian Stock Exchange, while 72 decreased and the remaining 89 stocks were unchanged. The transaction volume was 5.48 billion units with a total value of Rp 5.381 trillion.
All of the sectoral indices closed higher, led by the basic industry sector with a 6.83 percent increase, followed by the finance sector (4.52 percent) and the manufacturing sector (4.03 percent).
Among the top gainers were PT Wijaya Karya Tbk (WIKA), which rose 12 percent, PT Semen Indonesia Tbk (SMGR) that surged 10.44 percent and PT Indocement Tunggal Prakarsa Tbk (INTP) that grew 9.8 percent. (ags/ebf)
