{
    "success": true,
    "data": {
        "id": 1194129,
        "msgid": "price-rally-continues-on-jsx-1447893297",
        "date": "1995-12-04 00:00:00",
        "title": "Price rally continues on JSX",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Price rally continues on JSX JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX) continued to rally last week, with the index closing the week at 486.72, an increase of 17.8 points (3.8 percent) from 468.93 in the previous week. The market increased steadily every day as sentiment improved due to a stream of encouraging nine-month results. On Monday, active buying of Telkom pushed up its price by Rp 100 to close at Rp 2,425 (US$1.05).",
        "content": "<p>Price rally continues on JSX<\/p>\n<p>JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX)<br>\ncontinued to rally last week, with the index closing the week at<br>\n486.72, an increase of 17.8 points (3.8 percent) from 468.93 in<br>\nthe previous week.<\/p>\n<p>The market increased steadily every day as sentiment improved<br>\ndue to a stream of encouraging nine-month results. On Monday,<br>\nactive buying of Telkom pushed up its price by Rp 100 to close at<br>\nRp 2,425 (US$1.05).<\/p>\n<p>Indosat also rose by Rp 275, closing at Rp 7,425 on Monday. On<br>\nTuesday, the index inched up by 0.85 points due to profit taking.<br>\nWhile Telkom fell by Rp 25, Indosat rose further by Rp 175. By<br>\nWednesday, other liquid shares, such as Gadjah Tunggal, BDNI,<br>\nLippo Bank, Gudang Garam, and Sampoerna helped to push the index<br>\nhigher despite profit taking on Telkom.<\/p>\n<p>On Thursday, some forestry stocks such as Barito, Tjiwi Kimia,<br>\nand Indah Kiat made a modest rebound after coming under sustained<br>\nselling pressure recently. On Friday, the index closed sharply<br>\nhigher following active buying of big cap stocks such as<br>\nSampoerna and Gudang Garam. Indah Kiat continued to rebound<br>\ndespite discouraging near term results due to the slump in pulp<br>\nprices.<\/p>\n<p>The market this week may hit resistance at the 485 mark. More<br>\nprofit taking should be seen as the market has increased by 7.4<br>\npercent in just two weeks. However, if market sentiment remains<br>\nstrong, it will be quite easy to break that resistance and rally<br>\noff to the 500 mark.<\/p>\n<p>Local players were seen bargain hunting and speculating on<br>\noversold stocks. The counters which were actively traded included<br>\nTelkom, BDNI, Gadjah Tunggal, Indah Kiat, CMNP, Lippo Bank,<br>\nEnseval, SMART and Tjiwi Kimia.<\/p>\n<p>Foreign Investors were active in Telkom, BDNI, BII, Bank<br>\nNiaga, Indosat, Semen Gresik, Gudang Garam, Sampoerna, Tjiwi<br>\nKimia, Indofood, Indocement and Kalbe Farma.<\/p>\n<p>Average daily turnover on the regular board dropped to 39.7<br>\nmillion shares worth Rp 94.9 billion (US$41.3 million) last week<br>\nfrom 44.6 million shares worth Rp 111.1 billion in the previous<br>\nweek. Last week&apos;s total turnover increased to 301.6 million<br>\nshares valued at Rp 897.2 billion from 320.5 million shares<br>\nvalued at Rp 839.4 billion in the previous week.<\/p>\n<p>Some of the best performers last week were Gudang Garam (up Rp<br>\n3,100), Sampoerna (up Rp 2,000), Kalbe Farma (up Rp 650), BII (up<br>\nRp 500) and Indosat (up Rp 450). The biggest losers were Unilever<br>\n(down Rp 1,000), Modern Photo and Branta Mulia (each down Rp<br>\n500), Super Indah Makmur (down Rp 450) and KIA (down Rp 275).<\/p>\n<p>Gainers outnumbered losers by 86 to 48, while 25 counters<br>\nremained unchanged.<\/p>\n<p>-- Sigma Batara<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/price-rally-continues-on-jsx-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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