INSG strengthens despite lack of sentiment

INSG strengthens despite lack of sentiment

Visitors walked past besides the share movement screen at the Jakarta Stock Exchange FOTO/Dhemas Reviyanto/nz

The strengthening IHSG today was more influenced by technical factors. Tomorrow, IHSG has the potential to move in a mixed way and tends to strengthen at a level of 6,100 to 6,200
Jakarta (ANTARA) - The Jakarta composite index (IHSG) closed higher Thursday despite a lack of internal and external boosting sentiment. The index at the Indonesian Stock Exchange (BEI) rose 29.47 points or 0.48 percent to 6,152.09 points. The index of 45 most liquid stocks increased 11.68 points or 1.2 percent to 985.9 points.

"The strengthening IHSG today was more influenced by technical factors. Tomorrow, IHSG has the potential to move in a mixed way and tends to strengthen at a level of 6,100 to 6,200," Panin Sekuritas analyst William Hartanto said in Jakarta Tuesday.

The index twice weakened in the first and second sessions after it opened higher in the morning. However, it rose again ahead of the closing trade.

Related news: IHSG closes higher after inauguration of new cabinet

Based on data from BEI, there were Rp204.39 billion net foreign buys in Tuesday's trading bet.

Trade frequency was recorded with 561,369 transactions and 9.39 billion shares worth Rp7.24 trillion changing hands. There were 164 gainers as against 249 decliners while 140 shares remained unchanged.

Meanwhile, Asian regional stock exchanges including Nikkei weakened 124.1 points, or 0.53 percent to 23,292.7, Hang Seng strengthened and rose 412.7 points, or 1.55 percent to 27,093.8, and Straits Times weakened 21,67 points, or 0,67 percent to the tune of 3,236.99.  

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