JAKARTA (TheInsiderStories) - Happy New year, today the Jakarta Composite Index (JCI) and money market will be affected by domestic sentiment. Head of Research Erdhika Securities, Wilson Sofan assess conditions in the country received more positive than negative sentiment sentiment.
Last Friday, JCI closed corrected in line with the weakening of European stock exchanges today. The index is down - 5 points (-0.11%) to 5,296 after moving between 5,296-5,334.
A total of 147 stocks rose, 156 stocks down, 100 stocks did not move, and 159 shares not traded. As many as six out of a total of 10 sectors fell, led by consumer goods sector is down -1.82% and manufacturing fell -0.94%.
The transaction recorded Rp9.62 trillion, consisting of regular transactions Rp5.91 trillion, negotiations Rp3.71 trillion and Rp 4 million in cash. On the regular market, foreign investors recorded a net sales (net sell) Rp170.99 billion.
From Asia, the majority of stock indices were mixed. Nikkei225 index in Japan fell -0.16% and South Korea’s Kospi fell -0.87%, while the Hang Seng in Hong Kong has appreciated + 0.96%. The majority of stock indices in Europe precisely elemah since it opened this afternoon. FTSE100 index in the UK dropped -0.3%, DAX in Germany fell -0.13%, and the CAC in France fell -0.22%.
In the foreign exchange market, Rupiah rose + 24poin (+ 0.18%) to Rp13.447 per US dollar, after moving in the range Rp13.410-Rp13.465.
David Sumual from Bank Central Asia (BCA) sees in the first quarter of 2017 Rupiah weakened assess the chances are still open only a narrow range is fixed cause the market is awaiting the realization of policy Donald Trum inaugurated in this month. He said, if Trump policies satisfy the market is possible the US dollar increasingly prevail.
It also could encourage the Fed to raise interest rates at least on the FOMC in January or March 2017 while the countries such as Europe and China allegedly yet to be recovered.
According to Bloomberg, last Friday (30/12) Rupiah slipped 0.01% at the level of Rp13,473 per US dollar. While in the exchange rate of Bank Indonesia, the rupiah exchange rate rose 0.27% to a record level of Rp13,436 per US dollar. However, if compared to the end of 2015, the exchange rate still rose 2.28%, up 2.60% at BI middle rate.