Jakarta index up on positive IMF-WB meeting 2018 sentiment

Jakarta index up on  positive IMF-WB meeting 2018 sentiment

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Jakarta (ANTARA News) - The Jakarta composite index (IHSG) opened higher on Monday on positive sentiment of the annual meeting of the International Monetary Fund and the World Bank ending on Sunday in Nusa Dua, Bali.

The index of the Indonesian Stock Exchange (BEI) rose amid shrinking regional market, analysts said .

The IHSG opened 30.74 points or 0.52 percent higher at 5,786.66 points with the index of 45 most liquid stocks up 0.83 percent to 910.30 points.

Senior analyst of CSA Research Institute Reza Priyambada said "positive" news from the big meeting attended by IMF and World Bank delegates and Finance ministers, Central Bank leaders from 189 countries was responded by the market.

Indonesia recorded cooperation agreements with a number of other countries in the events on the sideline of the meeting, Reza said.

"In the meetings also participated in by a number of state companies, and Indonesian and foreign private companies, investment agreements were signed for infrastructure development in Indonesia," he cited.

In addition investors still continued buying shares taking advantage of falling prices of the shares jacking up the IHSG.

Chief researcher of Valbury Sekuritas, Alfiansyah, said ahead of the reporting time of the financial performances of listed companies for the third quarter of this year, also gave positive sentiment for the IHSG .

However, the position of IHSG this week will still be determined the uncertainty brought on by on going trade war between China and the UNi8ted States, Alfiansyah said.

Regional market, including Nikkei, Hang Seng and Strait Times recorded a decline in index Reporting by Zubi Mahrofi.


 

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