IHSG strengthens slightly while investors cautious over Coronavirus

IHSG strengthens slightly while investors cautious over Coronavirus

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

Despite the positive trends among global and regional markets, domestic investors have remained cautious to the novel coronavirus outbreak
Jakarta (ANTARA) - The Indonesian composite index (IHSG) closed slightly higher Tuesday evening at 2.31 points, or 0.04 percent, to 5,954.4 while investors were cautious over the spreading of Coronavirus to more than 25 countries outside mainland China. However, the index of the 45 most liquid stocks, or LQ45, plunged 0.96 points, or 0.1 percent, to 967.38.

"Despite the positive trends among global and regional markets, domestic investors have remained cautious to the novel coronavirus outbreak," Indopremier Securities analyst, Mino, said in Jakarta, Tuesday.

IHSG opened higher this morning at 11.47 points, or 0.19 percent, to 5,963.55. Shortly after the market opened, the Indonesian composite index moved into a fluctuating range but ended in the positive zone.

Throughout the day, six trading sectors, including mining rose by 0.64 percent, followed by property by 0.51 percent, and agriculture climbed 0.47 percent. Meanwhile, four sectors were severely corrected, some of which include, industry by minus 1.2 percent, followed by manufacture by minus 0.31 percent; and consumer goods industry by minus 0.24 percent.

Before opening, the Indonesia Stock Exchange recorded net foreign buy at Rp226.2 billion, while 388,590 transactions of 5.54 billion stocks worth Rp4.81 trillion were recorded in today's trading.

Meanwhile, regional markets that climbed this evening were Hang Sex that rose 342.6 points, or 1.26 percent, to 27,583.9; and the Straits Times Index, which appreciated by 13.67 points, or 0.43 percent, to 3,176.82.  

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