Jakarta, (ANTARA News) - The composite stock price index (CSPI) of the Indonesia Stock Exchange (IDX) on Thursday opened higher, supported by positive domestic sentiment.
? The JCI opened up 8.24 points, or 0.13 percent, to 6,556.12, while the group of 45 leading stocks, or the LQ45 index, moved up 1.98 points, 0.19 percent, to 1,037.62.
? Head of Research at Valbury Securities Alfiansyah in Jakarta, Thursday, said that although the economic growth rate was 5.17 percent far below the governments target of 5.4 percent, the growth rate was better than those of 2017 and 2016 recorded respectively at 5.07 percent and 5.03 percent.
? ?"Domestic factors with economic data produced are fairly good from previous years and the rupiahs appreciation potential and supported by the companys earnings report sentiment are the catalysts that can lift the JCI to continue its increase today," Alfiansyah said.
? As of 9:25 a.m., the JCI is still in the green zone, rising 1.25 points (0.02 percent) to the position of 6,549.12.
Regional exchanges, including the Nikkei index, fell 146.59 points (0.7 percent) to 20,727.47 and the Straits Times gained 23.18 points (0.73 percent) to 3,207.74.
Source: ANTARA News