JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX)
\nrallied yesterday following widely published reports on the
\nbright outlook of the local market.<\/p>\n
Most big stocks booked significant gains, pushing up the
\nComposite Index to close 6.5 points higher at 459.23 from 452 on
\nthe previous day.<\/p>\n
The narrower-based GTDBS-50 Index also increased to 110.2 from
\n108.45.<\/p>\n
Securities dealers said that most local investors apparently
\nbecame more confident due to the promising statements about the
\ndomestic market.<\/p>\n
A senior investment advisor of the world's major bank was
\nwidely reported yesterday by local newspapers as saying that
\nIndonesian stocks will still provide higher returns than bank
\ndeposits even though there will be another rise in interest
\nrates.<\/p>\n
He said the present sluggish market was temporary and he
\nestimated that the Composite Index would rise back to 500 points
\nby the end of this year, 550 points early next year and to 600
\npoints in the first semester of 1995.<\/p>\n
The active trading pushed up prices of large shares such as
\nBank International Indonesia (+200), Barito Pacific (+150), Astra
\nInternational (-Rp 250), Gadjah Tunggal (+100), Gudang Garam
\n(+200) and H.M. Sampoerna (+100).<\/p>\n
Top losers were Inter Pacific Bank (-300), Sumarecon Agung (-
\n200) and Bakrie Sumatra Plantation (-125).<\/p>\n
Trading volume, however, dropped to 16.09 million shares worth
\nRp 68.29 billion (US$32.5 million) yesterday from 24.55 million
\nshares worth Rp 87.33 billion on Monday. (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jakarta-jp-share-prices-on-the-jakarta-stock-exchange-jsx-1447898607",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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