{
    "success": true,
    "data": {
        "id": 1022102,
        "msgid": "jakarta-jp-buying-was-not-on-the-minds-of-most-investors-at-1447899208",
        "date": "1994-04-26 00:00:00",
        "title": "   JAKARTA (JP): Buying was not on the minds of most investors at ",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "JAKARTA (JP): Buying was not on the minds of most investors at the Jakarta Stock Exchange (JSX) yesterday, with most share prices falling in moderate trading. The broad-based Composite Index dropped lower to close at 454.4 from 454.84 on the previous day. The narrower-based GTDBS-50 Index also lost ground to close at 107.91 from 107.97. Securities brokers said most investors are still waiting for the development of the country's monetary situation.",
        "content": "<p>JAKARTA (JP): Buying was not on the minds of most investors at <br>\nthe Jakarta Stock Exchange (JSX) yesterday, with most share <br>\nprices falling in moderate trading.<\/p>\n<p>The broad-based Composite Index dropped lower to close at <br>\n454.4 from 454.84 on the previous day.<\/p>\n<p>The narrower-based GTDBS-50 Index also lost ground to close at <br>\n107.91 from 107.97.<\/p>\n<p>Securities brokers said most investors are still waiting for <br>\nthe development of the country's monetary situation.<\/p>\n<p>Investors are still waiting for large domestic banks' reaction <br>\nto last week's hike in the U.S. interest rate, which has caused a <br>\nhalf-percentage-point rise in the deposit rate in dollars offered <br>\nby local banks to between five and 5.5 percent per year.<\/p>\n<p>Small banks began yesterday raising their interest rates by <br>\naround a half-percentage point to between 12.5 and 13 percent per <br>\nyear as many depositors have converted their deposits to U.S. <br>\ncurrency for higher yields.<\/p>\n<p>Big banks have yet to follow suit and are maintaining their <br>\ndeposit rates at between eight and nine percent. Their rise in <br>\nrates is expected to further deteriorate buying on the local <br>\nmarket.<\/p>\n<p>Top losers included Bank Bali (-Rp 200), Eratex Jaya (-Rp <br>\n550), Ever Shine (-Rp 300), H.M. Sampoerna (-Rp 400), Modernland <br>\n(-Rp 200), PGI (-Rp 2,500), Petrosea (-Rp 300) and Toko Gunung <br>\nAgung (-Rp 800).<\/p>\n<p>Top gainers were Argha Karya (+Rp 225), Anwar Sierad (+Rp <br>\n300), Bunas Finance (+Rp 300) and Mayora (+Rp 400).<\/p>\n<p>Trading volume dropped to 12.27 million shares worth Rp 60.4 <br>\nbillion (US$28.76 million) yesterday from 17.14 million shares <br>\nworth Rp 73.74 billion ($35.11 million) on Friday.(hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jakarta-jp-buying-was-not-on-the-minds-of-most-investors-at-1447899208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}