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JCI maintains gain at close
The Indonesia Stock Exchange: (thejakartapost
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The Indonesia Stock Exchange: (thejakartapost.com-Wienda Parwitasari) (thejakartapost.com-Wienda Parwitasari)
The Indonesia Stock Exchange: (thejakartapost.com-Wienda Parwitasari)
The Jakarta Composite Index (JCI) increased 38.56 points or 0.83 percent to 4,691.71 on Monday's closing, following the impressive Q3 result of some listed companies. The LQ45 index rose 1.01 percent or 8.16 points to 812.89.
Indonesia Stock Exchange (IDX) CEO Tito Sulistio said the investors had aggressively bought stocks and boosted the JCI responding to the strong financial performances of some public listed companies, amid the government's rising budget disbursement and the latest economic packages.
"God willing some listed companies will consistently record bright performance in the third quarter of the year," Tito said, as quoted by Antara news agency on Monday.
IDX data recorded 247,979 transactions, with 3.87 billion shares changing hands, worth Rp 4.44 trillion (US$323.29 million). As many as 163 stocks grew, 131 stocks declined and the remaining 94 stocks were stagnant.
An analyst at Asjaya Indosurya Securities William Surya Wijaya said that the stable domestic economy and rupiah, which was in line with the government's responsive measures through the five economic policy packages, had helped the JCI rally.
"A hope rises from the stable local economy, despite the slowing global economy, that sparks a positive effect on the capital market. However, investors must be cautious about normal corrections in the market," William said.
Around the region, equities markets fluctuated. Japan's Nikkei rose 0.65 percent, Singapore's Strait Times Index added 0.48 percent, while Hong Kong's Hang Seng Index decreased 0.15 percent. (ags)
