JCI strengthens over investors` positive response to issuers` performance

JCI strengthens over investors` positive response to issuers` performance

A number of officers observed the stock exchange trade at Global Markets, Jakarta (ANTARA PHOTO/ Ismar Patrizki)

Jakarta (ANTARA News) - The Jakarta Composite Index (JCI), the main price indicator at the Indonesia Stock Exchange (IDX), opened 4.12 points higher on Monday, as investors responded positively to the performance of issuers.

The IDX opened up 4.12 points, or 0.07 percent, to 5,841.41, while the group of 45 leading stocks, or the LQ45 index, moved up 1.02 points, or 0.11 percent, to 917.46.

Vice President of the Research Department, Indosurya Bersinar Sekuritas, William Surya Wijaya stated in Jakarta on Monday that the performance of third-quarter issuers was expected to positively maintain the JCI`s movement pattern in the positive area.

"Until some time to come, the JCI trend will tend to strengthen, as investors respond positively to the performance of third-quarter issuers," he remarked.

He added that the performance of listed companies indicated that Indonesia`s economic fundamentals were quite conducive despite fears of a slowing global economy due to the trade war.

"Even so, of course, there is a correction momentum, but its nature is relatively reasonable. Investors can capitalize on the situation to continue to accumulate purchases," he noted.

Head of Capital Connections Research Alfred Nainggolan is optimistic that this week`s JCI will show a positive trend, considering one of the macroeconomic indicators, such as Indonesia`s trade balance data, which has a surplus.

"Our macroeconomic data is quite good. It will maintain the JCI in future," he stated.

Regional exchanges, including the Nikkei Index, fell 78.89 points, or 0.35 percent, to 22,453.19; the Hang Seng Index advanced 321.95 points, or 1.26 percent, to 25,883.35; and the Straits Times Index strengthened 7.51 points, or 0.25 percent, to 3,070.02.

Reporting by Zubi Mahrofi
Editing by Eliswan Azly, Fardah