VIVAnews - The Jakarta benchmark index at the Indonesia Stock Exchange surged in the early trading today, May 20. According to a research team from PT Mega Capital in its report today, the assignment of Agus Martowardojo as the new Finance Minister has likely sent in the positive sentiment to the stock floor.
The securities company suggested that investors be more prudent in buying shares and shift attentions to consumer stocks. In addition, the market's negative sentiment over Germany's plan in banning short selling as well as the unrecovered commodity's markte will be the negative catalyst for the index.
Mega Capital expected that the index today would move between 2,690/2,650 and 2,800/2,875.
The Jakarta benchmark index moved up by 10 points (0.37 percent) to 2,739.48. In addition, during the pre-opening session, the index was stagnant at 2,729.48.
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Translated by: Bonardo Maulana W
