Jakarta (Antara Bali) - The Jakarta composite index (JCI) opened higher on Wednesday ahead of the release of the country's economic data including inflation, and trade balance.
The index of the Indonesian Stock Exchange opened 10.99 points or 0.21 percent higher at 5,148.57 points with index of 45 most liquid stocks up 0.32 percent to 875.83 points.
Woori Korindo Securities Indonesia's analyst Reza Priyambada said the JCI gained but slightly as the market players are still waiting for the release of the country's economic data on the day.
"It is expected that the data would be the same as the market expectation to reduce the potential to return to the declining trend," Reza said.
He said inflation was expected to be around 0.43-0.56 percent in September with surplus recorded in the trade balance.
"We hope that there would be surplus again though small at around US$32.04 million - US$60.5 million," he said.
HD Capital's analyst Yuganur Wijanarko said the phenomenon of "window dressing" could push up the JCI to the positive area.
Regional markets such as Hang Seng and Straits Times recorded a decline in index but gain was posted by Nikkei. (WDY)
COPYRIGHT © ANTARA News Bali 2014
The index of the Indonesian Stock Exchange opened 10.99 points or 0.21 percent higher at 5,148.57 points with index of 45 most liquid stocks up 0.32 percent to 875.83 points.
Woori Korindo Securities Indonesia's analyst Reza Priyambada said the JCI gained but slightly as the market players are still waiting for the release of the country's economic data on the day.
"It is expected that the data would be the same as the market expectation to reduce the potential to return to the declining trend," Reza said.
He said inflation was expected to be around 0.43-0.56 percent in September with surplus recorded in the trade balance.
"We hope that there would be surplus again though small at around US$32.04 million - US$60.5 million," he said.
HD Capital's analyst Yuganur Wijanarko said the phenomenon of "window dressing" could push up the JCI to the positive area.
Regional markets such as Hang Seng and Straits Times recorded a decline in index but gain was posted by Nikkei. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2014