Commodity Prices Support JCI to Rise


Commodity price movements that tend to strengthen are the driving force for the increase in the Composite Stock Price Index (JCI) at the opening of trading Thursday (12/8) by 3.84 points.

"The JCI has the opportunity to strengthen because of positive sentiment that has driven the JCI to strengthen quite a lot, starting from the strengthening of the prices of several commodities including oil, coal, CPO, nickel and tin as well as an increase in the Dow Jones DJIA index by 1.09 percent," said Director of MNC Asset Management Edwin Imagine in Jakarta.

Meanwhile, at the opening of trading this Thursday, the JCI opened up 3.84 points (0.06%) to 6,092.25. At the same time, the leading stock index LQ45 rose 2.17 points (0.26%) to 834.49.

However, things that need to be observed are the still high number of New Deaths (New Deaths) due to COVID-19 per day in Indonesia and the increase in the yield of 10-year US bonds.


Penulis : Widya