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JCI climbs slightly at Wednesday's close
The Jakarta Composite Index (JCI) strengthened slightly in Wednesdayâs final trading session as investors continued to buy stocks
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The Jakarta Composite Index (JCI) strengthened slightly in Wednesday's final trading session as investors continued to buy stocks.
The JCI climbed by 9.23 points or 0.22 percent to 4,237.73 while shares of the 45 blue chip companies strengthened by 2.54 points (0.36 percent) to 710.80.
BNI Asset Management senior fund manager Hanif Mantiq said that the strengthening of the JCI was a result of the government's quick response, issuing a number of policies that kept the confidence of investors.
Such policies, Hanif said, included the authority's call for companies to buy back their shares in the market.
'The government and the stock market regulatory body are pretty aware of the current market conditions resulting from the worsening global economy,' he said, as quoted by Antara news agency.
Meanwhile, HD Capital analyst Yuganor Wijanarko said that the jump in the shares of blue chip companies had contributed to today's climb.
The Indonesia Stock Market (IDX) recorded 303,417 transactions with 3.68 billion shares worth Rp 4.61 trillion in Wednesday's trading. As many as 125 shares strengthened and 177 stocks weakened while 80 stocks remained stagnant.
In regional markets, the Hang Seng Index weakened by 324.57 points (1.52 percent) to 21,080.39, the Nikkei Index climbed by 570.13 points (3.20 percent) to 18,376.83 and the Straits Times Index dropped by 13.29 points (0.46 percent) to 2,873.00. (ika)(++++)
