Jokowi kicks off stock trading in 2020, IHSG opens higher

Jokowi kicks off stock trading in 2020, IHSG opens higher

President Joko Widodo (third right) opens the first stock trading at the Indonesia Stock Exchange (BEI), Jakarta, Thursday (Jan 2, 2019). ANTARA/Desca Lidya Natalia/gtm

Jakarta (ANTARA) - President Joko Widodo (Jokowi) kicked off first stock trading in 2020 at the Indonesia Stock Exchange (BEI), here, followed by the Indonesia composite share price index (IHSG) rising 13.59 points, or 0.22 percent, to 6,313.13.

Meanwhile, the index of the 45 most liquid stocks, or LQ45, rose by 2.68 points, or 0.26 percent, to 1,017.

"For the first transaction in 2020, our forecast is that the IHSG may re-enter the green zone, as investors appear to be more optimistic in welcoming the New Year," Valbury Securities Head of Research Alfiansyah stated in Jakarta, Thursday.

In the meantime, Reliance Securities Head of Research Lanjar Nafi has projected the IHSG to have mixed movement on Thursday.

"Welcoming a new year and ahead of the trade deal between US and China, we estimate the IHSG will show mixed movement this morning," he reaffirmed.

Indonesia's economic growth has remained stagnant at five percent during 2019, and the figure has remained unchanged in the past five years. On the external front, Indonesia's stagnant growth was influenced by a slowdown in the global market and a trade war between the US and China. In 2020, experts have forecast Indonesia's economic growth to remain at five percent.

In the meantime, regional markets that weakened this afternoon comprised Nikkei, plunging 181.1 points, or 0.76 percent, to 23,656.62; while the Hang Seng Index strengthened 278.87 points, or 0.99 percent, to 28,468.62; and the Straits Times Index rose 11.49 points, or 0.36 percent, to 3,234.32. Related news: IHSG strengthens in run up to year-end holidays
Related news: INSG strengthens despite lack of sentiment


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