The economic fundamentals of Indonesia remain robust across all\nsectors, including government spending, consumer spending, controlled\ninflation, and healthy investment levels. The Indonesia Composite Index\n(JCI) is projected to have room to continue its strengthening trend in\nthe short term, although market participants are warned to remain\nvigilant regarding expected high volatility during this period of market\nconsolidation.<\/p>\n
Capital market observer Reydi Octa explained that the opportunity for\nthe JCI to rebound remains wide open, provided no new negative\nsentiments emerge from either domestic or global scales. \u201cInvestors\nstill need to be wary of profit-taking actions following significant\ngains. The movement of the JCI is likely to follow a consolidation\npattern with a positive tendency,\u201d Reydi stated in Jakarta on\nTuesday.<\/p>\n
Regarding capital flows, Reydi noted that foreign investors are\ncurrently maintaining a cautious stance. Although selling pressure has\nbegun to ease, they have not yet returned aggressively to the Indonesian\nstock market. Key factors attracting foreign investor attention include\nthe stability of the Rupiah exchange rate, the direction of global\ninterest rate policies, and the progress of capital market reforms in\nthe country. \u201cForeign focus is currently more directed towards liquid\nstocks with strong fundamentals,\u201d he added.<\/p>\n
The JCI\u2019s strengthening during Tuesday\u2019s trading was attributed to a\ncombination of improving global sentiment and technical factors.\nFollowing a period of massive selling pressure, market participants have\nbegun to capitalise on the valuations of blue-chip stocks, which are now\nconsidered attractive. The banking sector and large-cap conglomerate\nstocks served as the primary supports for the index. According to\nIndonesia Stock Exchange (IDX) data, the JCI closed up 68.04 points, or\n1.11 per cent, to the level of 6,195.42.<\/p>\n
Based on the IDX-IC Sectoral Index, five sectors managed to\nstrengthen, led by the energy sector with an increase of 1.78 per cent.\nThis was followed by the infrastructure sector (0.64%) and the basic\nmaterials sector (0.58%). Conversely, six sectors experienced declines,\nwith the transportation and logistics sector recording the deepest drop\nof 3.20 per cent, followed by the healthcare sector (2.65%) and the\nproperty sector (1.13%).<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/observer-jci-has-potential-for-continued-short-term-gains-1780864288", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }