Composite stock price index strengthens after general election

Jakarta (ANTARA) The composite stock price index (CSPI) of the Indonesia Stock Exchange (IDX) opened higher on Monday after the holding of a peaceful general election on April 17, 2019.

The CSPI opened up 3.87 points or 0.06 percent to 6,511.09. While the 45 leading stocks or the LQ45 index moved up 0.88 points or 0.09 percent to 1,031.

“Election sentiment has the potential to still be able to support the CSPI to move to the green zone, plus the company’s earnings report for first quarter of 2019 that can be a positive catalyst this week,” Head of Research at Valbury Sekuritas Alfiansyah said here on Monday.

The peaceful election of 2019 has become the attention of investors, who had previously considered making a decision to wait and

see.

The post-election is expected to make investors again trust the elected leader who would run the country’s economy, Alfiansyah said, adding that it means, in the next five years there would be certain policies carried out by the government.

“This raises certainty for investors. In addition, investors would see how government policies choose to overcome structural problems in Indonesia,” Alfiansyah said.

Meanwhile, regional exchanges including the Nikkei index rose 23.98 points (0.11 percent) to 22,224.54 and the Straits Times rose 7.82 points (0.23 percent) to the position of 3,355.4.

Source: ANTARA News