IHSG ends higher tracking positive domestic, global cues

IHSG ends higher tracking positive domestic, global cues

A worker walks past a screen showing the movement of share prices on the Indonesia Stock Exchange in Jakarta on October 9, 2020. (ANTARA FOTO/Akbar Nugroho Gumay/wsj)

On the external front, the IHSG strengthened over optimism about the fiscal stimulus  agreement to be achieved soon in the US, while on the domestic front, it received a positive sentiment from the issuers' financial performance reports in the third
Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) ended higher on Friday on the back of issuers’ performance reports in the third quarter of 2020 and optimism over US fiscal stimulus.

The index of the Indonesian Stock Exchange (BEI) closed 20.37 points higher, or up 0.4 percent, at 5,1112.19, while the index of the 45 most liquid stocks (LQ45) rose 1.25 points, or 1.16 percent, to touch 789.82.

“On the external front, the IHSG strengthened over optimism about the fiscal stimulus agreement to be achieved soon in the US, while on the domestic front, it received a positive sentiment from the issuers' financial performance reports in the third quarter,” Indo Premier Sekuritas analyst Mino said.

After opening higher, the IHSG remained in the green until the close of trade.

Stocks in three sectors saw a correction, with the infrastructure sector falling the deepest by 0.69 percent, followed by the basic industrial sector and the trade sector declining 0.67 percent and 0.19 percent, respectively.

Meanwhile, stocks in seven sectors rose, led by the property sector, which jumped 3.66 percent, followed by the miscellaneous industry and the consumer sector, which rose 2.44 percent and 0.86 percent, respectively.

Friday’s trade posted net foreign sales of Rp45.69 billion.

A total of 680,072 transactions were recorded on Friday, with 11.11 billion shares, worth Rp8.36 trillion, changing hands. Meanwhile, 181 shares rose, 223 shares fell, and 159 shares remained unchanged.

In the Asian regional markets, the Nikkei Index climbed 42.32 points, or 0.18 percent, to 23,516.59; the Hang Seng Index shot up 132.65 points, or 0.54 percent, to 24,918.78; and, the Straits Times Index rose 7.16 points, or 0.28 percent, to 2,535.57. (INE)


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