Jakarta composite index closes higher on rise in forex reserves

Jakarta composite index closes higher on rise in forex reserves

FOREX-RESERVES FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo (REUTERS/Jason Lee)

Jakarta (ANTARA News) - The Jakarta composite index (IHSG) closed higher in the last trading of this week on positive sentiment from rising foreign exchange reserves of the country.

The index of the Indonesian Stock Exchange (BEI) rose 10.86 points of 0.18 percent to 6,126.35 points with index of the 45 most liquid stocks up 0.06 percent to 977.59 points.

"The sentiment strengthening IHSG was caused by the rise in the country`s foreign exchange reserves with data released for November," analyst of Pacific 2000 Sekuritas, Indra said here on Friday.

Bank Indonesia said the country`s foreign exchange reserves rose to US$117.2 billion by the end of November 2018, from US$115.2 billion by the end of October 2018.

Trade frequency on Friday was recorded with 350,057 transaction and 11.06 billion shares valued at Rp9.68 trillion changing hands. Gainers were 222 shares against decliners of 177 shares with 129 shares unchanged.

Regional markets such as Nikkei recorded an increase in index with Hang Seng and Strait Times recording a decline. Reporting by Zubi Mahrofi (SYS/AS)

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