IHSG ends in green as foreign investors extend buying streak

The Jakarta Composite Index (IHSG) ended in the positive territory this weekend as foreign investors continued to buy shares.

The index of the Indonesia Stock Exchange (BEI) added 72.69 points, or rose 1.19 percent, to reach 6,195.56. Meanwhile, the index of the 45 most liquid stocks (LQ45) rose 14.16 points, or 1.53 percent, to 938.83.

“Today, the IHSG closed positive, following the global stock movement. Furthermore, the IHSG’s strengthening was led by the mining sector that significantly rose through the metal trio — ANTM, INCI, and TINS — as well as the Indonesia Battery Holding as its catalyst,” MNC Security analyst Herditya Wicaksana said here on Friday.

In addition, the IHSG was supported by a technical rebound, he said. In the upcoming week, the IHSG will still remain positive and move in a range of 6,120-6,240, he projected.

The IHSG tends to be in comfortable and positive territory in the first and second sessions of stock trades, Wicaksana added.

Based on the IDX-IC sectoral index, shares in all sectors showed an increase, particularly the technology sector, which rose by a significant 5.64 percent, followed by the transportation and logistics sector, which was up 1.87 percent, and the raw goods sector, which climbed 1.64 percent.

Friday’s trade posted net foreign buys of Rp294.99 billion.

A total of 1,044,167 transactions involving 14.18 billion shares worth Rp11.03 trillion were recorded during the day. In addition, 348 shares rose, while 143 shares fell, and 137 shares remained unchanged.

In the Asian regional markets, the Nikkei index rose 446.82 points, or 1.56 percent, to 29,176.7, the Hang Seng index added 436.82 points, or 1.57 percent, to reach 28,336.43, while the Straits Times index climbed by 19.45 points, or 0.62 percents, to 3,162.16. (INE)

 

Source: Antara News

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