In general, the movement of IHSG today was affected by the (positive) sentiments over the Biden effect, though it has slightly eased
Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) ended higher on Friday despite pressures on trade as positive global cues lifted investor sentiment.

The index of the Indonesian Stock Exchange (BEI) rose 2.46 points, or 0.04 percent, to reach 5,461.06, while the index of the 45 most liquid stocks (LQ45) gained 0.51 points, or 0.06 percent, to touch 867.2.

“In general, the movement of IHSG today was affected by the (positive) sentiments over the Biden effect, though it has slightly eased, and the COVID-19 vaccine of Pfizer plus BioNtech, and Sputnik, which (Russia has claimed) is over 75-percent effective,” Bina Artha Sekuritas analyst M Nafan Aji Gusta Utama said.

The other external sentiment was the improving economic performance of developed countries, he added.

"The market is optimistic about the performance of the European region, which has begun to be positive, so it added to the IHSG's strengthening," he explained.

After opening lower, the IHSG spent much of its time in the negative territory until the close of trade.

Stocks in four sectors rose on Friday, led by the mining sector, which rose 0.76 percent, followed by the property sector and the financial sector, which climbed by 0.64 percent and 0.62 percent, respectively.

Meanwhile, stocks in six sectors recorded a correction, with the miscellaneous industry recording the deepest decline of minus 1.21 percent, followed by the infrastructure and basic industrial sectors, which dived by 1.03 percent and 0.54 percent, respectively.

Friday’s trade posted net foreign sales of Rp 243.75 billion

A total of 701,606 transactions were recorded on Friday, with 12.48 billion shares, worth Rp8.77 trillion, changing hands. Meanwhile, 198 shares rose, 226 shares fell, and 178 shares remained unchanged.

In the Asian regional markets, the Nikkei index slid 135.01 points, or 0.53 percent, to 25,385.87; the Hang Seng Index shed 12.52 points, or 0.05 percent, to touch 25,156.86; while, the Straits Times Index rose 2.39 points, or 0.09 percent, to reach 2,714.29.

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Translator: Citro Atmoko/Suharto
Editor: Sri Haryati
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