Global market's positive sentiment strengthens IHSG

Global market's positive sentiment strengthens IHSG

Photo File: A woman look at a giant screen showing the Indonesian Composite Index at the Indonesia Stock Exchange in Jakarta, Tuesday (January 4, 2020). ANTARA FOTO/Reno Esnir/hp/gtm

Although there was a negative sentiment on the internal front, the positive response on the global market strengthened the IHSG, mainly after the failed impeachment of United States President Donald Trump
Jakarta (ANTARA) - The Indonesian composite index (IHSG) on the Indonesia Stock Exchange (IDX) closed higher Thursday evening at 56.17 points, or 0.95 percent, to 5,978.51, because of positive sentiment on the global market. Meanwhile, the index of the 45 most liquid stocks, or LQ45, rose 11.72 points, or 1.21 percent, to 976.56.

Despite IHSG's positive trend, Indonesia's composite index moved slowly because the country's economic growth had declined from 5.2 percent at Q3 in 2019 to 4.97 at Q4 last year, Binaartha Securities analyst, M Nafan Aji Gusta Utama said in Jakarta, Thursday.

Although there was a negative sentiment on the internal front, the positive response on the global market strengthened the IHSG, mainly after the failed impeachment of United States President Donald Trump, the analyst added.

On Thursday morning, IHSG opened higher at 24.41 points, or 0.41 percent, to 6,002.92.

Before closing, the net foreign buy reached Rp294.72 billion, while 469,357 transactions of 6.46 billion stocks worth Rp7.01 trillion were recorded at Indonesia's stock market today.

Throughout the day, regional markets that strengthened this evening comprised Nikkei rising 554 points, or 2.38 percent, to 23,873.6; Hang Seng Index that climbed 707 points, or 2.64 percent, to 27,493.7, and Straits Times Index that rose 29.88 points, or 0.93 percent, to 3,230.01.  

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