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Jakarta Index Opens Higher

The Jakarta index might be corrected in today's trade.

Rabu, 25 November 2009, 10:04 WIB
Arinto Tri Wibowo
Indonesia Stock Exchange (VIVAnews/Tri Saputro)

VIVAnews - Despite the unsupportive situation, the Jakarta index gained 0.15 percent to 2,475.82 in the early transaction today, Nov 25.

The increase was observable during the pre-opening session this morning by 3.94 points to 2,475.73.

The main markets such as Hang Seng, Nikkei and Straits Times edged up, affecting the domestic market positively.

A research by PT Reliance Securities figured that the Jakarta index might be corrected in today's trade. The fall in oil prices has also been a negative sentiment for the Indonesian share prices.

Investors are anxious as well toward the global economic recovery, concerning mainly with the employment in the United States.

"The investors in foreign markets prefer investing in low-risk instruments such as the US state bonds," said the research.

Technically, today's index would still drop, said analyst of Reliance Securities Gina Novrina Nasution.

"If Williams %R exits the overbought area, the Jakarta index will be lower," she said.

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Translated by: Bonardo Maulana Wahono

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