IHSG closes higher after economic growth release

IHSG closes higher after economic growth release

Photo Illustration: Stock trader observes the Indonesia Composite Index at the Indonesia Stock Exchange in Jakarta. ANTARA FOTO/Nova Wahyudi/gtm

Jakarta (ANTARA) - The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX) closed higher on Wednesday evening at 56.17 points or 0.95 percent, to 5,978.51 after the economic growth release for the 2019 period.

In the meantime, the index of the 45 most liquid stocks, or LQ45, appreciated 11.72 points or 1.21 percent, to 976.56.

IHSG on Wednesday according to Indopremier Securities analyst, Mino, was driven by external and internal sentiments.

"Global and regional markets have shown positive trends after China injected a billion-dollar liquid into its market. Meanwhile, on the internal front, Indonesia's economic growth in 2019 rebounded at 5.02 percent, slightly lower from the market consensus at 5.03 percent," Mino expounded.

On Tuesday morning, IHSG opened higher at 33.18 points or 0.56 percent, to 5,955.52.

Before closing, the net foreign buy reached Rp557.61 billion, while 433,261 transactions of 6.17 billion stocks worth Rp7.27 trillion were recorded in Indonesia's stock market.

Throughout the day, regional markets that spiked this evening comprised Nikkei rising 235 points or 1.02 percent to 23,319.6; Hang Seng Index appreciated at 110.7 points or 0.41 percent to 26,786.7, and the Straits Times Index rose at 43.56 points or 1.38 percent to 3,200.13. Related news: IHSG opens higher amid spike in Asian markets
Related news: Coronavirus outbreak pushes IHSG to drop on Tuesday


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