JAKARTA (TheInsiderStories) - MiraeAsset Indonesia estimates that Jakarta Composite index (JCI) is still likely to rise with the trading range of 5,255 to 5,362 on Friday. Yesterday, JCI closed higher despite significant European stock markets lower today.
The index rose to +93 points (+ 1.79%) to 5,302 after moving between 5200-5311 A total of 195 stocks rose, 104 stocks down, 110 stocks did not move, and 161 shares not traded.
The investors transaction recorded Rp8.72 trillion, consisting of regular transactions Rp5,04 trillion and 3.68 trillion on negotiations market. On the regular market, foreign investors recorded a net sales Rp287.37 billion.
All sectors of a total of 10 sectors rose, led by various industry sectors which rose + 3.22% and banks were up + 2.41%.
From Asia, the majority of stock indices were mixed. South Korea’s Kospi Index gained + 0.1% and the Hang Seng in Hong Kong has appreciated + 0.17%, while Nikkei225 in Japan down -1.32%.
The majority of European stock markets weakened since it opened this afternoon. FTSE100 index in Britain dropped -0.12%, DAX in Germany fell -0.26%, and the CAC in France fell -0.12%.
In the foreign exchange market, on Thursday, the exchange rate fell -11 points (-0.08%) to Rp13,471 per US dollar, after moving in the range Rp13,449-Rp13,490.
Money Market Analyst Bank Mandiri Arya Wisnubroto Rully sees the weakening of Rupiah due to lack of sentiment and there is a lot of demand for the US dollar towards the end of the year.
In fact, recent economic data in the US is not too okay. Sales of homes under contract in the US fell 2.5% in November. The previous month, sales rose 0.1%.
Rully was estimated rupiah will move in the range of RP13,425 -RP13,485 per US dollar with a tendency to strengthen.