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JCI rises by 36.22 points
The Jakarta Composite Index (JCI) closed at 4,568
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T
he Jakarta Composite Index (JCI) closed at 4,568.94 points, up by 36.22 points or 0.80 percent, during Thursday's final trading session, pushed by large-cap stocks.
Meanwhile, the index of the 45 most liquid stocks (LQ45) strengthened by 6.43 points (0.85 percent) to 765.24.
'The large-cap stocks strengthened again, supporting the JCI,' said Trust Securities head of research Reza Priyambada in Jakarta Thursday, as quoted by Antara.
He said investors took advantage of the strengthening of the JCI, as well as the rebound of other Asian stock markets, to accumulate stocks.
Reza said foreign market players had also recorded a net buy of Rp 151.85 billion (US$13.06 million).
HD Capital analyst Yuganur Wijanarko said that, technically, the JCI was in a consolidation stage due to the potential of the rupiah to weaken and the strengthening of the price of crude palm oil (CPO).
'Market players can open opportunities to accumulate the CPO stocks,' Yuganur said.
He recommended several stocks to be paid attention to including BW Plantation (BWPT), Salim Ivomas (SIMP), London Sumatra Plantation (LSIP) and Astra Agro Lestari (AALI).
On Thursday, the JCI recorded 208,360 transactions with a volume of 3.4 billion shares worth Rp 4.41 trillion.
As many as 198 stocks strengthened and 108 stocks dropped today, 93 stocks were stagnant.
Regionally, the Hang Seng Index strengthened by 390.74 points (1.74 percent) to 22,828.18; the Nikkei Index was down by 47.86 points (0.32 percent) to 14,923.11; and the Straits Times Index rose by 8.02 points (0.25 percent) to 3,096.01. (ebf)
