IDX Composite Hits 6,000

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 26 Oktober 2017
Category: News
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President Jokowi (Photo: PR/Jay)

President Jokowi (Photo: PR/Jay)

President Joko “Jokowi” Widodo welcomed the positive sentiment in the Indonesia Stock Exchange (IDX) following Composite Stock Price Index (IHSG) touched a new all-time record high on Wednesday (25/10). The benchmark index passed beyond the psychological boundary of 6,000 points.

“Hopefully, it will not fall but continue to increase,” the President answered reporters’ questions after attending the opening of National Working Meeting of All-Indonesia Federation of Buddhist Organizations (Walubi), at JI Expo Kemayoran Jakarta, Thursday (26/10) morning.

The President hopes that with such success, then the money or the funds do not only appear in the portfolio but also can support the real economic sectors. “Particularly, small and medium enterprises so that they can also enjoy the increase in the existing stock price index,” the President said.

In trading transactions on Wednesday (25/10), at 3:34 pm Western Indonesian Time, the index hit a record high of 6.001.38 intraday or during the trading session. Meanwhile, the lowest level is 5,961.74. The stock trading closed at 4:00 pm.

As many as 174 stocks strengthened, pushing the IHSG to 6,000. Meanwhile, 163 stocks weakened so as to restrain the strengthening of IHSG. In addition, 162 stocks remain still. Total frequency of stock trading was 311,711 times with stock trading volume of 7.8 billion shares. Total daily transaction was Rp6.8 trillion.

For the record, foreign investors conducted buying action of Rp31.72 billion in the regular market, but then the selling action of Rp20.05 billion. Indonesian rupiah against the US dollar at Rp13,564. (RMI/JAY/ES) (MUR/YM/Naster).

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