JCI Up by 13.29 Points at Tuesday's Close.
23 December 2014 19:16 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) rose by 13.29 points or 0.26 percent to close at 5,139.06 points on Tuesday evening, while the Top 45 (LQ45) Index climbed by 3.27 points or 0.37 percent to close at 886.40 points.
An analyst for Pefindo, Guntur Tri Haryanto, said in Jakarta on Tuesday that the IDX's uptrend was in line with the movement of the majority of the global bourses, especially the US, which is currently appreciating. "As the year draws to a close, the amount of transactions tends to decline. As a result, the IDX usually follows the movement of the global stock markets," said Guntur.
Consequently, Guntur added, the index's uptrend would remain limited as investors began to reduce their activities in the stock market.
"That said, the IDX is expected to continue its uptrend until the end of the year, boosted by the government's decision to focus on Indonesia's infrastructure development," continued Guntur.
An analyst for HD Capital, Yuganur Wijanarko, added that some investors were moving to selectively accumulate shares despite the relative slowdown in the share market. "Investors are particularly keen on seeking out shares in the finance and construction sector, which is expected to have a good run in 2015," he said.
IDX records show that throughout Tuesday, there were 219,619 transactions, wherein 4.64 billion shares worth Rp3.45 trillion were traded. A total of 164 shares appreciated, 153 shares inched lower, while 91 shares remained stagnant.
Meanwhile across Asia, the Hang Seng Index slid by 74.88 points or 0.32 percent to close at 23,333.69 points, the KOSPI inched lower by 4.10 points or 0.21 percent to close at 1,939.02 points, while the Straits Times Index went up by 1.55 points or 0.05 percent to end trading at 3,332.51 points.
ANTARA