IHSG ends higher on positive global, domestic cues

Jakarta (ANTARA) – The Jakarta Composite Index (IHSG) ended higher on Friday, aided by several positive global and domestic catalysts.

The index of the Indonesian Stock Exchange (BEI) swelled 104.21 points, or 1.69 percent, to reach 6,257.84, while the index of the 45 most liquid stocks (LQ45) rose 21.99 points, or 2.3 percent, to touch 979.31.

“The market highly lauded the US Congress’ decision to endorse President-elect Joe Biden’s victory. The market also lauded the data of Indonesia’s foreign exchange reserves (in December, 2020), which rose US$135.9 billion from US$133.6 billion a month earlier,” Bina Artha Sekuritas analyst M Nafan Aji Gusta said here on Friday.

Shortly after opening higher, the IHSG remained in the green until the close of trade.

Stocks in nine sectors rose, led by the miscellaneous industry, which increased 4.56 percent, followed by the infrastructure sector and the industrial sector, which climbed by 3.08 percent and 0.98 percent, respectively.

Only stocks in the agricultural sector recorded a correction of minus 0.98 percent.

Friday’s trade posted net foreign buys of Rp1.39 trillion.

A total of 1,706,675 transactions were recorded during the day, with 23.24 billion shares, worth Rp22.32 trillion, changing hands. Meanwhile, 258 shares rose, 239 shares fell, and 137 shares remained unchanged.

In the Asian regional markets, the Nikkei Index jumped 648.9 points, or 2.36 percent, to reach 28,139.03; the Hang Seng Index rose 329.7 points, or 1.2 percent, to 27,878.22; while the Straits Times Index climbed 82.73 points, or 2.85 percent, to reach 2,989.75. (INE)

Source: Antara News