"Despite negative sentiment related to the increasing political tension between the United States (US) and China over political dynamics in Hong Kong, the performance of the US’ retail sales and the performance of Indonesia's trade balance which fell short of the market expectation, the market lauded the previous US-China trade agreement although it is partial," Binaartha Sekuritas analyst M Nafan Aji Gusta said in Jakarta Thursday.
Related news: Stable economic fundamentals contribute to IHSG's 1.02 percent gain
On the other hand, the potential drop in the Federal Reserve (Fed) benchmark rate also added to the sentiment strengthening the index, he said.
After opening stronger, the IHSG strengthened throughout the first session. In the second session, the IHSG weakened but remained in the green zone.
It closed, with net foreign buying recorded at Rp208.72 billion.
Trade Thursday was recorded, at 517,084 transactions, and 17.17 billion shares, worth Rp9.26 trillion, changing hands. Gainers were outnumbered by decliners, with 210 shares against 170 shares, with 156 shares remaining unchanged.
Regional markets, such as the Nikkei Index, plunged 21.06 points, or 0.09 percent, to 22,451.86, and the Straits Times Index fell 8.57 points or 0.27 percent, to 3,126.14.
Related news: IHSG opens lower on Thursday amid global economic uncertainty