REPUBLIKA.CO.ID, JAKARTA -- The Indonesian Stock Exchange (IDX) on Thursday (1/4) afternoon closed higher, breaking the psychological level of 6,000 ahead of Easter holiday. The Composite Stock Price Index (IHSG) closed up 25.93 points or 0.43 percent to 6,011.46 positions.
The 45 leading stocks or LQ45 Index fell 0.94 points or 0.1 percent to 901.86. "The market appreciates the commitment of US President Joe Biden in providing stimulus in the infrastructure sector worth US$ 2 trillion," said Bina Artha Sekuritas analyst Nafan Aji in Jakarta, Thursday.
Market participants also appreciated the release of the Manufacturing Index of Indonesia (PMO), which on average showed expansion. The performance of Indonesia's manufacturing PMI itself increased significantly to the level of 53.2 from 50.9. "The market also appreciates the stability of inflation in the country," said Nafan.
The Central Bureau of Statistics (BPS) recorded inflation in March 2021 at 0.08 percent, said Deputy for Distribution and Services Statistics, BPS Setianto in Jakarta, Thursday. With this inflation, inflation for the calendar year January-March 2021 was recorded at 0.44 percent and year-on-year inflation (yoy) at 1.37 percent.
Opened lower, JCI today moved varied in both the first and second sessions before finally closing in the green zone.
Based on the IDX-IC Sectoral Index, nine sectors increased with the technology sector the highest at 4.18 percent, followed by the industrial sector and the energy sector, respectively 2.98 percent and 0.67 percent.
Two sectors corrected, with the property & real estate sector and the infrastructure sector falling the most at minus 0.65 percent, respectively, followed by the financial sector at minus 0.09 percent.
The closing of the JCI itself was accompanied by the sale of shares by foreign investors as indicated by the amount of net foreign sales or net foreign sell of Rp 1.17 trillion.
The frequency of stock trading was recorded at 944,854 transactions with the number of shares being traded as much as 21.5 billion shares valued at Rp 9.6 trillion. A total of 307 shares rose, 184 shares decreased, and 148 shares did not move in