JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up today, extending yesterday’s gains, buoyed by positive domestic economic data, including deflation in March.
On Tuesday (Apr 4), the Jakarta Composite Index closed up 45 points or up 0.8 percent at 5,651, bucking the global market trend. As many as 164 stocks rose, 160 shares declined, 100 shares were unchanged and 156 stocks were untraded.
The transaction value reached Rp6.96 trillion, with foreign investors were recorded as net buy, valuing at Rp637 billion. Seven out of 10 sectoral indices increased and 3 sectoral indices declined.
The gains were led by mining stocks, as reflected in the rise of mining stocks index by 3.59 percent, followed by trade stocks index (up 1.56 percent).
Mandiri Sekuritas projected the JCI to close up today, extending yesterday’s gains. “The JCI still has an opportunity to increase today,” he said in a note.
In Asia, most stock markets ended the trading in red zone, with Nikkei225 falling 0.91 percent, Kospi declined 0.3 percent and Hang Seng rose 0.62 percent. In Europe, most stock markets closed lower, with DAX in German falling 0.19 percent, CAC in France declined by 0.13 percent and FTSE100 in UK rose 0.31 percent. (*)