VIVAnews - The composite stock price index in the Indonesia Stock Exchange (IDX) closes higher today. According to Robin Setiawan, a securities analyst in Jakarta, the high frequency of share purchase by foreign investors has been a positive sentiment. "The capital inflow signals the tendency," he told VIVAnews.
He said the appreciation of the Indonesian rupiah against US dollar as well as stable Jakarta benchmark index supported the gain.
Foreign investors were involved in the regular market, buying Rp 1.19 trillion worth or shares and releasing Rp 977.82 billion, leading to Rp 216.16 billion of net buying.
In the Indonesia Stock Exchange (IDX), such companies largely contributed to the rise in index include PT Indocement Tunggal Prakarsa (5.57 percent to Rp 17,050); PT Indo Tumbangraya Megah Tbk (2.06 percent to Rp 39,450); and PT Unilever Indonesia (2.40 percent to Rp 17,000).
The Jakarta index earned 0.63 percent at 3,072.09. The total transaction booked reached Rp 4.14 trillion.
Meanwhile, based on Bloomberg, the rupiah exchange rate against US dollar hit Rp 8,970 compared to the first transaction at Rp 8,977.
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Translated by: Bonardo Maulana W
