IHSG sees correction after three-day rally

Jakarta (ANTARA) – The Jakarta Composite Index (IHSG) closed lower on Thursday, ending a three-day rally.

The index of the Indonesian Stock Exchange (BEI) shed 6.89 points, or 0.11 percent, to reach 6,428.32, while the index of the 45 most liquid stocks (LQ45) fell 0.51 points, or 0.05 percent, to touch 1,002.38.

“The IHSG was corrected today. That is natural. Net foreign buys remain good,” Bina Artha Sekuritas analyst M Nafan Aji Gusta said in Jakarta on Thursday.

Among the sentiments that affected the movement of IHSG today were the discourse on US President Donald Trump’s impeachment and the market awaiting the realization of mass COVID-19 vaccination in Indonesia, he added.

In addition, macro domestic and global economic data that could have a positive impact on the market are also limited, he stated.

Shortly after opening higher, the IHSG moved to the red. It strengthened until the close of the first session. In the second session, it again saw a correction in the last hour until the close of trade.

Stocks in five sectors recorded a correction, with the property sector deepening its fall by minus 0.96 percent, followed by the financial sector and the consumer sector at minus 0.63 percent and minus 0.57 percent, respectively.

However, stocks in five sectors rose, led by the basic industrial sector, which rose by 1.61 percent, followed by the infrastructure sector and the trade sector, which climbed by 0.73 percent and 0.33 percent, respectively.

Thursday’s trade posted net foreign buys of Rp2.86 trillion.

A total of 2,009,302 transactions were recorded during the day, with 35.65 billion shares, worth Rp28.24 trillion, changing hands. Meanwhile, 194 shares rose, 301 shares fell, and 144 shares remained unchanged.

In the Asian markets, the Nikkei Index swelled 241.67 points, or 0.85 percent, to reach 28,698.26; the Hang Seng Index jumped 261.26 points, or 0.93 percent, to 28,496.86; while, the Straits Times Index increased 21.12 points, or 0.71 percent, to reach 2,998.63. (INE)

Source: Antara News

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