JCI forecast to perform better amid conducive security situation

JCI forecast to perform better amid conducive security situation

File Photo - The Composite Stock Price Index (IHSG)  in the Indonesia Stock Exchange, Jakarta. (ANTARA)

Jakarta (ANTARA) - The Composite Stock Price Index (IHSG)  in the Indonesia Stock Exchange at this week's end is forecast to hover in the green zone in line with the conducive security situation following the tumultuous mass action.

On Friday's opening, the Indonesia Composite Index gained 9.88 points, or 0.16 percent, to 6,042.58, whereas the index of the 45 leading stocks, or LQ45, inched up 1.97 points, or 0.21 percent, to 945.92.

"The IHSG is projected to keep increasing in stock trading today along with the conducive condition of national security following the pandemonium in Jakarta on May 21-22 after the KPU's official declaration of results of the elections on Apr 17," Valbury Securities' head of research Alfiansyah noted in Jakarta on Friday.

On the external front, global factors have until now been swayed by worries of a trade war between the United States and China.

"It is forecast that domestic factors would override global sentiment," Alfiansyah said.

This morning, among the Asian regional exchanges, the Nikkei index dropped 115.13 points, or 0.54 percent, to 21,036; the Hang Seng Index increased 150.2 points, or 0.55 percent, to 27,417.33; and the Straits Times Index slid 5.63 points, or 0.18 percent, to 3,166.35.
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