Positive development in COVID-19 vaccine researches by various Chinese pharmaceutical companies, as observed by the WHO, has shored up market optimism. The market has praised the positive development.Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) ended higher on Friday evening on the back of positive developments pertaining to the COVID-19 vaccine.
The index of the Indonesian Stock Exchange (BEI) swelled 103.04 points, or 2.13 percent, to 4,945.79, while index of the 45 most liquid stocks (LQ45) rose 20.32 points, or 2.75 percent, to 760.32.
"Positive development in COVID-19 vaccine researches by various Chinese pharmaceutical companies, as observed by the WHO, has shored up market optimism. The market has praised the positive development," Bina Artha Sekuritas analyst M. Nafan Aji Gusta noted.
After opening higher, the IHSG stayed in the positive territory until the close of trade.
The shares of all sectors rose, led by the miscellaneous industry, up by 4.43 percent, followed by the financial sector and the manufacturing sectors, up by 3.03 percent and 2.31 percent, respectively.
Thursday's trade recorded net foreign sales of Rp828.19 billion.
A total of 687,334 transactions were recorded on Friday, with 11.83 billion shares, worth Rp7.33 trillion, changing hands. Meanwhile, 302 shares rose, 136 shares fell, and 134 shares remained unchanged.
In regional markets on Friday evening, the Nikkei Index swelled 116.78 points, or 0.51 percent, to 23,204.62; the Hang Seng Index tumbled 75.65 points, or 0.32 percent, to 23,235.42; and the Straits Times Index rose 17.39 points, or 0.71 percent, to 2,468.21. EDITED BY INE
Related news: IHSG ends lower on foreign selling pressure
Related news: IHSG opens lower on Tuesday over negative global, domestic sentiments
Translator: Citro Atmoko/Suharto
Editor: Fardah Assegaf
Copyright © ANTARA 2020
