JCI opens lower on profit-taking, eye on inflation data
JAKARTA (TheInsiderStories) - Indonesian market has opened lower on Friday as players opted to cash out following recent days gain, with falls on Wall Street overnight weighed on market sentiment.
Market players are now waiting inflation data for March scheduled to announced at midday.
At 09.28 a.m., the Jakarta Composite Index fell 21.557 points or down 0.445 percent at 4,823.814. The LQ45 index also fell 4.284 points or down 0.51 percent at 836.066.
Reza Priyambada, head of research of NH Korindo Securities Indonesia, expects the JCI to hover between support level of 4,769 - 4,786 points and resistance level of 4,837 - 4,861 points.
On Thursday, the JCI closed up 28.716 points or up 0.60 percent at 4,845.371. The LQ45 closed up 4.856 points or up 0.58 percent at 840.350. (*)