IHSG closes higher on external factors

IHSG closes higher on external factors

Illustration - the movement of the composite share price index (IHSG) at the Indonesia Stock Exchange (BEI) (ANTARA FOTO/Sigid Kurniawan) (ANTARA FOTO/Sigid Kurniawan/)

The sentiment today came from external factors, namely the easing of investors' concern after the yield of the 10-year US bonds began to stabilize and China’s plans to abolish duties on the import of palm oil, soybean oil and sunflower oil
Jakarta (ANTARA) - Fueled by external factors, the composite share price index (IHSG) at the Indonesia Stock Exchange (BEI) strengthened Thursday evening. The IHSG gained 70.48 points, or 1.14 percent, to 6,274.67. The index of the 45 most liquid stocks, or LQ45, inched up 14.03 points, or 1.44 percent, to 990.36.

"The sentiment today came from external factors, namely the easing of investors' concern after the yield of the 10-year US bonds began to stabilize and China’s plans to abolish duties on the import of palm oil, soybean oil and sunflower oil," Indopremier Sekuritas analyst Mino said in Jakarta Thursday.

After opening higher in morning trade, the IHSG stayed in the green zone throughout the day until closing.

The composite index closed with foreign investors buying shares as indicated by net foreign buying of Rp257.6 billion. Trade Thursday was recorded with 495,994 transactions and 14.92 billion shares valued at Rp8.17 trillion changing hands. There was a total of 259 gainers as against 156 decliners and 131 shares unchanged.

Asian regional markets that strengthened Thursday evening comprised Nikkei, rising 76.79 points, or 0.37 percent, to 20,593.35; the Hang Seng inching up 123.74 points, or 0.48 percent, to 26,120.77 and the Straits Times Index weakening 16.23 points, or 0.51 percent, to 3,168.45.  

 

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