As we look at, the global market is in a wait and watch mode over the certainty of various meetings expected to take decisions to boost the economyJakarta (ANTARA) - The Jakarta Composite Share Price Index (IHSG) will potentially remain flat on Thursday, as the market continued to adopt a wait and watch strategy.
The Indonesian Stock Exchange (BEI) index rose 4.09 points, or 0.08 percent, to reach 5,344.42, while the index of the 45 most liquid stocks increased 1.07 points, or 0.13 percent, to touch 850.59.
"As we look at, the global market is in a wait and watch mode over the certainty of various meetings expected to take decisions to boost the economy," Samuel Sekuritas Research Team noted in a report quoted by Antara on Thursday.
On the domestic front, investors appeared to focus on mid-cap stocks of the banking industry and the mining sector, particularly coal mining companies.
The IHSG will potentially move flat on Thursday owing to the lack of sentiments.
The US stock exchange closed positive overnight, as investors were awaiting the Federal Reserve (Fed) Governor Jerome Powell's announcement on the pandemic-era tool.
The package is expected to boost economy and raise inflation. In addition, positive expectations of a resumption in the US-China trade talks also boosted the market.
Regional stock markets recorded a decline on Thursday morning, with the Nikkei index tumbling 99.51 points, or 0.43 percent, to 23,191.35; the Hang Seng index declining 258,68 points, or 1.01 percent, to 25,233.11, and the Straits Times index weakening 11.29 points, or 0.44 percent, to 2,530.79.
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