JCI Opens Higher Tracking Rise in Price of Commodities


The Jakarta Composite Index at the opening of trading opened up 16.67 points, supported by rising commodity prices.

"The combination of strengthening prices of several commodities such as coal, gold, CPO, nickel, tin. And, the Dow Jones index which closed up 0.15% last night, EIDO rose 0.75% will be a catalyst for JCI to continue its strengthening on this weekend," said Director of MNC Asset Management Edwin Sebayang in Jakarta.

In addition, the decline in the 10-year US bond yields also gave sentiment to the index.

On the other hand, the continued increase in the number of new COVID-19 cases in Indonesia, which is still setting new records, will certainly pressure the economy.

The JCI at the opening of trading on Friday rose 16.67 points (0.28%) to 6,063.42.
The leading stock index LQ45 rose 4.3 points (0.51%) to 845.5.


Penulis : Widya