Selective Buying Supports JCI to Strengthen

Jakarta - The selective buying actions by market participants drove the strengthening of the Jakarta Composite Index (JCI) at the opening of trading Tuesday (10/8) by 19.55 points.

"We estimate the JCI will move mixed this morning supported by global and regional stock exchange movements," said PT Samuel Sekuritas Research in Jakarta.

The JCI at the opening of trading on Wednesday rose 19.55 points (0.29%) to 6,697.42. At the same time, the leading stock index LQ45 climbed 4.54 points (0.47%) to 962.93.

On the global markets, the US stock market closed mixed yesterday where the Dow Jones index rose 0.55%, the S&P 500 rose 0.17%, but the Nasdaq fell 0.5% corrected.

The increase in US treasury yields affects the movement of the US stock market. This increase lent negative cues to technology company stocks but gave a positive impact on banking stocks.

While the Asian markets opened varied this morning, among others, the Kospi opened up 0.27%, and the Nikkei
opened 0.22% lower.

Penulis : Widya