Jakarta, CNBC Indonesia – Indonesia’s financial market moved higher in trading last week. The Composite Stock Price Index (JCI) and the rupiah exchange rate managed to finish on the green line.
At the end of last week’s trading, the JCI closed at 6,816.61. Slightly weaker 0.12%.
It seems that investors are tempted to withdraw profits. Understandably, the JCI had penetrated the highest record in the history of the Indonesian stock exchange.
However, the JCI managed to register a 1.25% gain point-to-point last week. JCI moved in line with other major Asian bourses, where the Nikkei 225 index (Japan) rose 1.67%, the Shanghai Composite added 0.97%, SETI (Thailand) rose 2.39%, Straits Times (Singapore) rose 2. ,84%, and Hang Seng (Hong Kong) gained 1.15%.
The flow of foreign capital flows into the Indonesia Stock Exchange (IDX). Last week, foreign investors booked a net purchase of Rp 7.65 trillion.
Trading was lively with the total volume of shares traded transactions was 131.36 billion units, frequency 7.83 million times, and a value of Rp 67.99 trillion. This is much higher than the previous week, where the transaction volume involved 89.26 billion units of shares traded 5.48 million times with a value of Rp 48.78 trillion.
The swift inflow of foreign capital was one of the factors that supported the appreciation of the rupiah exchange rate against the United States (US) dollar. Over the past week, Mother Earth’s currency strengthened 0.19% against greenback.
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