JAKARTA (TheInsiderStories) - Indonesian shares are expected to move flat to higher today, buoyed by news of deflation in March, analysts say.
The Central Bureau of Statistic (BPS) announced on Monday (Apr 3) that the country recorded deflation of 0.02 percent in March from previous month (month-on-month), led by a decline in food and transportation prices.
On Monday, the Jakarta Composite Index (JCI) closed up 38 points or up 0.69 percent at new record level of 5,606 points, after hovering within range of 5,581-5,616 points.
Eight of 10 sectoral indices ended higher, with two sectoral indices declined. Total transaction reached Rp7.38 trillion, with foreign investors recorded net buy of Rp493 billion.
As many as 156 stocks increased, 172 declined, 101 were unchanged and 150 stocks were untraded. The gains were led by consumer sector (up 1.56 percent), followed by miscellaneous sector index (up 1.15 percent)
In forex market, the rupiah was trading at Rp13,325 against the US dollar, fell 0.02% from previous day’s trading. (*)