The positive sentiment for IHSG today came from [news of a] current account surplus recorded for the first time in the past nine years, and an increase in the prices of several commodities, such as crude oil, tin, nickel, and coal and foreign investoJakarta (ANTARA) - The Jakarta Composite Index (IHSG) ended higher on Monday as foreign investors continued to buy shares and news of Indonesian recording a current account surplus boosted sentiment.
The index of the Indonesian Stock Exchange (BEI) closed 81.11 points higher, up 1.46 percent, at 5,652.76, while the index of the 45 most liquid stocks (LQ45) rose 16.77 points, or 1.89 percent, to touch 901.66.
“The positive sentiment for IHSG today came from [news of a] current account surplus recorded for the first time in the past nine years, and an increase in the prices of several commodities, such as crude oil, tin, nickel, and coal, and foreign investors' purchase of large-cap stocks,” Indo Premier Sekuritas analyst Mino said here on Monday.
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Indonesia recorded a current account surplus of US$1 billion in the third quarter of 2020 after registering a current account deficit in the last nine years. The country last recorded a current account surplus of US$468 million in the third quarter of 2011.
After opening higher, the IHSG remained in the green territory until the close of trade.
Stocks in all sectors rose, led by the basic industry, which climbed 3.2 percent, followed by the mining sector and the infrastructure sector, which rose 2.69 percent and 2.58 percent, respectively.
However, stocks in four sectors recorded a correction, with the agricultural sector deepening its fall by minus 0.96 percent, followed by the trade sector and the miscellaneous industry, at minus 0.34 percent and minus 0.24 percent, respectively.
Monday’s trade posted net foreign buys of Rp331.3 billion.
A total of 981,850 transactions were recorded on Monday, with 23.41 billion shares, worth Rp12.18 trillion, changing hands. Meanwhile, 321 shares rose, 147 shares fell, and 158 shares remained unchanged.
In the Asian regional markets, the Hang Seng index swelled 34.66 points, or 0.13 percent, to 26,486.2, the Shanghai index climbed 36.76 points, or 1.09 percent, to 3,414.49, and the Straits Times index rose 37.9 points, or 1.35 percent, to 2,850.91. The Japanese stock exchange remained closed on account of a holiday. (INE)
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Translator: Citro Atmoko/Suharto
Editor: Yuni Arisandy Sinaga
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