JAKARTA. The Jakarta Composite Index (JCI) rose by 32.05 points, or 0.73 percent, to close at 4,384.31 during the final trading session on Wednesday, pushed up by positive domestic sentiments.Meanwhile, the LQ45 index, which lists the 45 most liquid stocks, strengthened 7.38 points, or 1.01 percent, to 734.“The strengthened rupiah exchange rate and data on the domestic economy that grew by 5.78 percent in 2013 were among factors that pushed up the JCI,” said Trust Securities head of research, Reza Priyambada, in Jakarta on Wednesday, as quoted by Antara news agency.He said domestic sentiments that tended to be positive had encouraged foreign stock market players to take a stock-buying position again.The JCI’s trade data recorded that foreign investors booked a net buy of Rp 144.15 billion (US$11.82 million) on Wednesday.Meanwhile, Asjaya Indosurya Securities research analyst, William Suryawijaya, said the JCI had managed to close its trading session in a positive area, showing that the domestic stock market was standing in a strengthening trend.He said technically, the JCI could continue to strengthen to the level of between 4,348 and 4,432 points on Thursday.The JCI recorded 212,536 stock trade transactions, with a volume of 3.46 billion shares, worth Rp 4.08 trillion.In regional stock exchanges, the Hang Seng index weakened by 128.39 points or 0.60 percent to 21,269.38, the Nikkei was up by 171.91 points (1.23 percent) to 14,180.38 and the Straits Times weakened 0.90 points (0.03 percent) to 2,964.90. (ebf)
JCI strengthens by 32.05 points at closing session
JAKARTA. The Jakarta Composite Index (JCI) rose by 32.05 points, or 0.73 percent, to close at 4,384.31 during the final trading session on Wednesday, pushed up by positive domestic sentiments.Meanwhile, the LQ45 index, which lists the 45 most liquid stocks, strengthened 7.38 points, or 1.01 percent, to 734.“The strengthened rupiah exchange rate and data on the domestic economy that grew by 5.78 percent in 2013 were among factors that pushed up the JCI,” said Trust Securities head of research, Reza Priyambada, in Jakarta on Wednesday, as quoted by Antara news agency.He said domestic sentiments that tended to be positive had encouraged foreign stock market players to take a stock-buying position again.The JCI’s trade data recorded that foreign investors booked a net buy of Rp 144.15 billion (US$11.82 million) on Wednesday.Meanwhile, Asjaya Indosurya Securities research analyst, William Suryawijaya, said the JCI had managed to close its trading session in a positive area, showing that the domestic stock market was standing in a strengthening trend.He said technically, the JCI could continue to strengthen to the level of between 4,348 and 4,432 points on Thursday.The JCI recorded 212,536 stock trade transactions, with a volume of 3.46 billion shares, worth Rp 4.08 trillion.In regional stock exchanges, the Hang Seng index weakened by 128.39 points or 0.60 percent to 21,269.38, the Nikkei was up by 171.91 points (1.23 percent) to 14,180.38 and the Straits Times weakened 0.90 points (0.03 percent) to 2,964.90. (ebf)
