JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher amid ongoing capital inflow, coupled with news of steady economic data including better-than-expected Q2 GDP data.
On Monday, the Jakarta Composite Index (JCI) closed up 38.73 points or up 0.71 percent at 5,458.979, while LQ45 was up 8.583 points or up 0.92 percent at 940.769. As many as 8.646 billion shares changed hands valued at Rp7.702 trillion.
Overnight Wall Street closed flat, with DJIA fell 0.08 percent, S&P500 edged down 0.09 percent and Nasdaq dropped 0.15 percent. In Asia, Nikkei surged 2.44 percent, Hang Seng index rose 1.57 percent and SSE gained 0.93 percent.
Asjaya Indosurya analyst William Surya Wijaya said technically the JCI is expected to trade within support level of 5,379 and resistance level of 5,500 points.
“JCI is still boosted by capital inflow in a big way, showing investors confidence on Indonesian economy,” he said. The positive economic data helped lift market optimism that the country’s could grow even higher in the remainder of the year. In the second quarter, Indonesia’s economy grew by 5.18 percent, better-than-expected.
Today’s menu :
- UNVR
- PGAS
- GGRM
- ADHI
- TLKM
- SMCB
- EXCL
- MYOR
- BBNI
- TBIG
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