The index of the Indonesian Stock Exchange closed 4.27 points or 0.07 percent higher at 5,835.92 points. The index of 45 most liquid stocks rose 0.32 percent to 925.66 points.
Chief researcher of Head of Riset valbury Sekuritas, Alfiansyah said domestic sentiment is quite positive but external sentiment of global uncertainty prevented the index from climbing higher.
"Trade war caused Chinese economic growth below expectation. This sends negative sentiment as 15 percent of Indonesian exports are to China," he said.
Concerns are growing over U.S. threat to slap full tariff in December unless there is an agreement reached with China at the summit meeting in Argentina later this month.
Senior analyst of CSA Research Institute Reza Priyambada said inflation in October was relatively stable keeping the IHSG in positive territory.
"The domestic economy is quite stable as reflected by the inflation which is well under control," Reza said.
The Central Bureau of Statistics (BPS) said the country`s inflation in October was 0.28 percent. Cumulatively inflation in the first 10 months of the year was 2.22 percent and year-on-year inflation in October was 3.16 percent.
There were 408,573 transaction on Thursday with 9.66 billion shares valued at Rp8.56 trillion changing hands. Gainers were 191 shares and losers 190 shares with 124 shares unchanged.
Regional markets such as Nikkei recorded a decline in index, and Hang Seng and Strait Times recorded gain.
Reporting by Zubi Mahrofi
Editing by Rahmad Nasution
Reporter: antara
Editor: Heru Purwanto
Copyright © ANTARA 2018
