JAKARTA (TheInsiderStories) – Today, the biggest ever election in the country begin. Indonesia will define its new leader and the legislative members, after campaign race since Sept. 23.
The peoples will decided between the two candidates Joko Widodo – Ma’ruf Amin and Prabowo Subianto and Sandiaga Salahuddin Uno to lead the largest economy in Southeast region. The two sides believed they will win the election race.
The Transportation Ministry soon to adjust airfares after rising significantly rose since the beginning of this year. Transportation Minister Budi Karya Sumadi said the domestic airlines are given two weeks to adjust their airfares. If they don’t, he assured will issue the subclass (fare regulation).
Most of Southeast Asian stock markets ended higher on Tuesday (04/17), with Indonesia leading the pack. The investors remained optimistic about a recovery in China’ economy ahead of the country’ first-quarter growth pace set to be released today.
ING reported, with a size-able RMB4 trillion (US$596.42 billion) fiscal stimulus and a monetary easing policy that has created 40 percent credit growth in the first quarter alone, they expect the Chinese economy to grow above the 6 percent lower boundary target set by the government.
Indonesian stocks led gains in the region with broad-based increase across the sectors as investors snapped up stocks ahead of the presidential elections. Yesterday, the Jakarta Composited Index (JCI) ended at 6,481.54, while Rupiah closed at 14,085.
Indo Premier Securities rated the JCI movement on Tuesday was influenced by external and internal sentiment. Externally, they said, there is a strengthening of the global stock index and rising coal prices.
From the internal side, there is a conducive political situation and continued positive sentiment from the surplus in the trade balance data in March.
For Thursday (04/18), Indo Premier said the JCI will still remain in the green zone influenced by the results of the presidential quick count. The house predicted JCI will strengthen with support at 6,440 and resistance at 6,525.
The stocks that investors cand look namely PT Telkom Indonesia Tbk (IDX: TLKM), PT Semen Indonesia Tbk (IDX: SMGR), PT Perusahaan Gas Negara Tbk (IDX: PGAS), and PT Indocement Tunggal Perkasa Tbk (IDX: INTP).
Otherwise, PT Panin Sekuritas noted there is no significant sentiment affecting the JCI rate. For tomorrow, he said the movement of the index would remain strong and would be overshadowed by the results of elections in the range 6,450 to 6,550 levels.
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia