IHSG sinks slightly by 0.18 points on Monday

IHSG sinks slightly by 0.18 points on Monday

Photo Illustration: a worker walked in front of screens of stock trading at the Indonesia Stock Exchange, Jakarta. ANTARA FOTO/Indrianto Eko Suwarso/aww/gtm

Jakarta (ANTARA) - The Indonesia composite share price index (IHSG) of the Indonesia Stock Exchange (BEI) sank slightly by 0.18 points to 6,329.14 at opening here Monday or a day before the year-end holidays.

Meanwhile, the index of the 45 most liquid stocks plunged 0.37 points, or 0.04 percent, to 1,022.34.

Valbury Sekuritas Chief Researcher Alfiansyah claimed that in spite of a slowdown, the IHSG is projected to strengthen by the end of 2019.

"Despite a lack of positive catalyst for the market and slow transactions, (I believe) the IHSG will likely appreciate before the end of the year," Alfiansyah noted.

On the external front, Shenzen-based China's multinational tech company, Huawei, has barred all US products in a knee-jerk reaction to the US sanctions imposed by President Donald Trump.

Huawei's boycott may have a detrimental impact on three US multinational companies: Intel, AMD, and Qualcomm or Neophotonics.

Related news: IHSG strengthens in run up to year-end holidays

Related news: INSG strengthens despite lack of sentiment

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