IHSG opens 11.94 points higher amid Asian markets' rebound

IHSG opens 11.94 points higher amid Asian markets' rebound

Photo File: A visitor walked in front of a giant screen showing the Indonesian composite index (IHSG) at the Indonesia Stock Exchange in Jakarta, Tuesday (February 4, 2020). ANTARA FOTO/Reno Esnir/hp/gtm

Jakarta (ANTARA) - The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX) opened higher at 11.94 points, or 0.2 percent, to 5,898.9 on Wednesday morning amid rebound in Asian markets.

In the meantime, the index of the 45 most liquid stocks, or LQ45, also climbed 3.72 points, or 0.39 percent, to 960.

Indonesia's credit rating has contributed to the IHSG today, Valbury Securities' head of research, Alfiansyah, stated in Jakarta. He forecast that the IHSG would continue to rebound during today's stock trading.

Despite the positive trend, the global market remains cautious over the coronavirus or COVID-19 outbreak. The virus, which has infected over 25 countries outside mainland China, is projected to lower market expectations over the global economic growth this year.

In the meantime, the International Monetary Fund also pointed to a shortfall in terms of reforming global economy system. It will also halt the global economic growth, the IMF added.

In the market opening, regional markets that strengthened on Wednesday morning comprised Tokyo's Nikkei rising 108.7 points, or 0.47 percent, to 23,302.5; Hang Seng Index climbing 97.4 points, or 0.35 percent, to 27,627.6; and Straits Times Index appreciating by 9.87 points, or 0.31 percent, to 3,206.5. Related news: IHSG plunges on Friday over negative sentiment from COVID-19

Related news: COVID-19 outbreak pushes IHSG to drop on Thursday


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