Domestic Positive Sentiment Supports JCI


Positive national economic sentiment triggered the Jakarta Composite Index at the opening of trading on Friday (21/5) by 26.51 points.

At the opening of trading, the JCI was up 26.51 points (0.46%) to 5,824.11. Meanwhile, the LQ45 leading stock index climbed 6.43 points (0.75%) to 868.96.

"Today the JCI has the potential to reverse higher supported by the release of domestic economic data," said PT Samuel Sekuritas Research in Jakarta.

Indonesia's trade balance as of April 21 is estimated to have a surplus of US$1 billion, with exports expected to increase by 41% YoY and imports to increase by 29.8% YoY.

However, investors also need to be careful about the possibility of a large net-sell, especially in the commodities sector, in line with the current negative trend in commodity prices.


Penulis : Widya