IDX strengthens following investors' optimism towards domestic economy

IDX strengthens following investors' optimism towards domestic economy

The Indonesian Composite Index (IDX) has strengthened by 39.83 points on Thursday closing. (PHOTO ANTARA /Sigid Kurniawan)

Jakarta, (ANTARA News) - The Indonesian Composite Index (IDX) has strengthened by 39.83 points, following investors' optimism towards Indonesia's domestic economy.

IDX closed at 6,221.01 on Thursday evening, increasing 39.83 percent, or 0.64 percent higher than the opening at 6,192.27.

The 45 prime bonds "LQ45" strengthened by 6.53 points, or 0.66 percent, to 990.87.

"Our economic stability remains under control, despite some aspects that need correction, such as our current deficit account," noted Bahana Securities analyst Muhammad Wafi here on Thursday.

The bullish move of IDX was also supported by foreign investors' buying actions that closed a total Rp188.27 billion of foreign net buy today.

Thus, Wafi hopes that current domestic economy would continue to remain stable amid sluggish global economy's projection that had been overshadowed by US-China's trade war.

"The trade war still becomes an external negative sentiment," he added.

Overall, the Jakarta Stock Exchange recorded 388,913 times transaction on Thursday, of which 10.84 billion shares worth Rp7.56 trillion were traded. Among of them, 233 bonds were up, 170 bonds down, and 127 bonds stagnant.

Meanwhile, a sluggish trend was seen from the regional market, including Shanghai Index, which weakened by 0.93 points, or 0.04 percent, to 2,464.36; Hang Seng Index, which weakened by 65.90 points, or 0.26 percent, to 25,064.40; and Strait Times Index, which weakened by 26.01 points, or 0.86 percent, to 3,012.88.

Reporting by Zubi Mahrofi, Azizah F

Comments