President Joko Widodo briefs the reporters at the IDX building (Photo: EV)

JAKARTA (TheInsiderStories) – The Indonesian Stock Exchange Composite Index or the Jakarta Composite Index (JCI) closed at all-time high on Friday (29/12), as President Joko Widodo attended the closing trading  ceremony.

The Jakarta Composite Index (JCI) closed at 6,355.65 points, up 0.55 per cent from previous day. For the whole year, the JCI rose 20 per cent. The LQ45 gained 0.84 per cent or 9.040 points to 1,079. The JCI also hit the record intraday high at 6,368.322 points.

Throughout the year, as many as 37 companies listed their shares on the Indonesian Stock Exchange, the largest numbers in the past 23 years, according to President Director of the Indonesian Stock Exchange (IDX) Tito Sulistyo.

President Joko Widodo said after the market close that the market’s rise reflects investors confidence on the Indonesian economy. Therefore, he called on investors to spread the optimism towards the Indonesian economy.

He also called on the industry and business players to take advantage of this positive momentum and “not too worried about the political agenda.” (*)

Written by Roffie Kurniawan, email: