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Rupiah, JCI move up to next psychological level
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 rupiah strengthened past its psychological support level of 13,600 at Tuesday's opening, as did the Jakarta Composite Index (JCI) which rose beyond its psychological level of 4,500, responding to inflation data released recently.
The rupiah strengthened to Rp 13,588 against the greenback, after closing on Monday at 13,669. The JCI, meanwhile, climbed 0.98 percent to 4,508.83 at its opening.
A researcher and analyst at BNI's treasury division, Trian Fathria, predicted that the rupiah's gain on Tuesday might soon be disturbed by China's lagging economic data, after getting good traction from the domestic consumer price index.
The Central Statistics Agency (BPS) announced on Monday that Indonesia recorded a 0.08 percent deflation during October 2015 due to a surplus of food supplies.
"The market is also optimistic about Indonesia's economic growth data that will be released this week," he said as quoted by kontan.co.id in Jakarta.
According to Indonesia Stock Exchange (IDX) data, 152 stocks were up, 46 stocks down and the remaining 50 stocks unchanged at Tuesday's opening. The total transaction value reached Rp 1.19 trillion (US$87.64 million) with 963.79 billion shares changing hands.
Out of nine sectoral indexes, eight moved into positive territory led by the financial sector, growing 1.94 percent, the construction and property sector, up 1.59 percent, and the miscellaneous industrial index, which rose 1.12 percent. (ags)
