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JCI rebounds slightly at Monday's close
(illustration: kontan
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(illustration: kontan.co.id) (illustration: kontan.co.id)
(illustration: kontan.co.id)
The Jakarta Composite Index (JCI) rebounded in the last trading session, closing 9.77 points (0.22 percent) higher than the previous trading day to 4,464.95 on Monday, following October's consumer price index recording deflation of 0.08 percent.
Asjaya Indosurya Securities analyst William Surya Wijaya said the release of positive inflation data had boosted investor confidence.
"Economic data released by the Central Statistics Agency [BPS] met market expectations, thus supporting the JCI. At the end of closing session, some investors accumulated stocks after massive selling in the first session," he said as quoted by Antara news agency in Jakarta.
Amid the good sentiment, he continued, the stock benchmark index would hover at around 4,416 and 4,545 and tend to strengthen on Tuesday's trading.
The Indonesia Stock Exchange (IDX) recorded trading frequency of 231,373 times, involving 2.87 billion stocks totaling Rp 3.76 trillion (US$ 201.64 million). As many as 118 stocks rose, 166 stocks plunged, while the remaining 75 stocks were unchanged.
Around the region, Hong Kong's Hang Seng Index retreated 1.19 percent, Japan's Nikkei Index slipped 2.1 percent, and Singapore's Straits Times Index withdrew 0.8 percent. (ags)
