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Jakarta Post

JCI ends strong on first trading day after Idul Fitri

  • Riska Rahman

    The Jakarta Post

Jakarta   /   Mon, June 10, 2019   /  08:55 pm
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The Jakarta Composite Index (JCI) was bullish throughout its trading day on Monday as it recorded an increase of 1.3 percent to 6,289.61.(Antara/Sigid Kurniawan)

The Indonesian stock market concluded its first trading day after the Idul Fitri holiday on a bullish note, thanks to possible easing monetary policy and a favorable domestic economic condition. The Jakarta Composite Index (JCI) was bullish throughout its trading day on Monday as it recorded an increase of 1.3 percent to 6,289.61. Shipbuilder PT Steadfast Marine’s stock recorded the highest rise at 9.94 percent, followed by state-owned miner PT Aneka Tambang at 7.59 percent and diversified petrochemical giant PT Barito Pacific at 7.58 percent. But the bull market was not experienced by Indonesia alone. Other global stock markets such as the United States’ Dow Jones and S&P 500 Index, and Asian stock indexes like Japan’s Nikkei Index and Hong Kong’s Hang Seng Index were also in the green. Reuters reported that MSCI’s index of emerging market stoc...