JCI Hits Record High

JAKARTA, KOMPAS – The Jakarta Composite Index (JCI), the main price barometer at the Indonesian Stock Exchange (IDX), rose 0.4 percent to close at 5,540 on Friday, its highest ever level.

The surge in the JCI was, among other factors, due to the reentry of foreign investors into the Indonesian stock market. This indicated that investors have become more confident in Indonesia’s economy following an improvement in the country’s macroeconomic data.

Throughout Friday, foreign investors booked net purchases of Rp 2.5 trillion. The trading volume was also quite large, with 12.47 billion shares changing hands at a transaction value of Rp 12.7 trillion, far above the average daily transaction value of Rp 8 trillion.