IHSG closes higher on Tuesday evening

IHSG closes higher on Tuesday evening

The Jakarta composite index (IHSG) closed higher on Tuesday evening as investors' worries about the US-China trade war eased.

Jakarta (ANTARA) - The Jakarta composite index (IHSG) closed higher on Tuesday evening as investors' worries about the US-China trade war eased.

The index of the Indonesian Stock Exchange (BEI) rose 40.97 points or 0.65 percent to 6,297.32 points, while the index of 45 most liquid stocks rose 8.46 points or 0.36 percent to 994.16 points.

"IHSG strengthened as investors' worries about the trade war eased after China confirmed it would come to the US on schedule for negotiations," Indopremier Sekuritas analyst Mino said in Jakarta on Tuesday. On the internal side, it seemed that the release of the first-quarter economic growth of 5.07 percent had no longer posed a negative sentiment as investors believed Indonesian economic growth remained solid even if it fell short of a consensus.

"It falls short of a consensus but it seems investors are not too worried about the matter. Compared to the same period in the previous years, (the first-quarter growth) increased," he said.

After opening higher, IHSG continued to stay within the green zone throughout the day.

Based on data from BEI, there was Rp536.22 billion in foreign net sales on Tuesday's trading.

Trade frequency was recorded with 418,468 transactions and 14,71 billion shares worth Rp8.51 trillion changing hands on Tuesday.

There were 237 gainers as against 159 decliners, while 136 shares remained unchanged.

Regional markets such as Nikkei weakened 335.01 points or 1.51 percent to 21,923.72, Hang Seng strengthened 153.2 points or 0.52 percent to 29,363.02, and Straits Times rose 21,9 points or 0.67 percent to 3.312,52.

 

EDITED BY INE

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