IHSG projected to strengthen amid Coronavirus outbreak

IHSG projected to strengthen amid Coronavirus outbreak

Photo Illustration: a trader walks in front of a giant screen showing the Indonesian composite index at the Indonesia Stock Exchange in Jakarta. ANTARA/gtm

Jakarta (ANTARA) - Indonesian composite index (IHSG) of the Indonesia Stock Exchange opened 8.83 points (0.15 percent) higher, Thursday morning, to 5,921.91, and forecast to rebound daylong amid the Coronavirus outbreak in mainland China and over 25 nations.

According to Valbury Securities Head of Research, Alfiansyah, in Jakarta, investors continue to closely monitor latest updates on the outbreak, but placating tensions between China and the United States have sent a positive signal to the global market.

"The positive sentiment pushes trade between the US and European countries as well," Alfiansyah added.

In the meantime, the index of the 45 most liquid stocks, or LQ45, in the Indonesia Stock Exchange, rose by 2.55 points, or 0.27 percent, to 963.53.

Meanwhile, on the domestic front, an international rating agency Moody's Investor Service has reaffirmed Indonesia's credit rating at Baa2 due to stable economic growth and low rate of public debt.

On Thursday morning, regional markets that strengthened included Nikkei rising by 41.2 points, or 0.17 percent, to 23,902.4; Hang Seng index climbing 33.7 points, or 0.12 percent, to 27,857.4; and Straits Times index appreciating 2.61 points, or 0.08 percent, to 3,225.98.
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Related news: IHSG to rebound amid positive sentiment from global markets


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