"IHSG (index of the Indonesian Stock Exchange) is still within consolidation range while waiting for inflow of foreign fund into the domestic market," William Surya Wijaya from Indosurya Bersinar Sekuritas said here on Sunday.
Last week, from August 20-24, foreign investors recorded a net sales of Rp99 trillion or a net sales of Rp51.2 trillion (minus net buy) so far in 2018, he said.
William Surya Wijaya said he hopes positive domestic sentiment such as improved financial report of publicly listed companies and strong commitment of the government in protecting the economy would encourage foreign investors to enter the domestic market again.
"Capital inflow is expected to push IHSG to climb higher," he said.
Based on data at BEI in the August 20-24 period, IHSG rose 3.2 percent to 5,968.75 points and market capitalization rose 3.22 percent to Rp6,729.80 trillion.
"In early trading day next week (Monday, 27/8) IHSG is predicted to hover around 5,868-6,117 points," he said.
Reporter: Antara
Editor: Otniel Tamindael
Copyright © ANTARA 2018
