JCI Closes Lower Amid Combination of Domestic and International Sentiments

Jakarta (ANTARA) - The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) closed lower on Tuesday afternoon, triggered by a combination of domestic and international sentiments.

The IHSG closed down 43.45 points or 0.61% at 7,048.22. Meanwhile, the LQ45 index of 45 leading stocks fell 1.68 points or 0.23% to 715.81.

“I believe the IHSG today is still moving under pressure from a combination of global and domestic sentiments,” said market observer Reydi Octa when contacted by Antara in Jakarta on Tuesday.

From the international side, Reydi said it is still influenced by the ongoing geopolitical tensions between the United States (US) and Iran, as well as movements in energy prices, particularly the rise in crude oil prices.

“Investors tend to be defensive, as seen from the rotation into energy and commodity stocks and increasing selectivity in large-cap stocks,” Reydi stated.

Opening higher, the IHSG moved into negative territory until the close of the first trading session. In the second session, the IHSG remained in the red zone until the close of stock trading.

Based on the IDX-IC Sectoral Index, three sectors strengthened, led by the primary consumer goods sector which rose by 1.32%, followed by the health sector and the property sector, each up by 0.43% and 0.33% respectively.