Cheers to the Job Creation Bill Being Passed Into Law
The IHSG strengthened today thanks to indications of the job creation bill being passed into law soon and the report of Trump’s health getting better.Jakarta (ANTARA) – The Jakarta Composite Index (IHSG) ended in the green on Monday prior to the passage of the job creation bill into law.
The index of the Indonesian Stock Exchange (BEI) closed 32.04 points higher, or up 0.65 percent, at 4,958.77, while the index of the 45 most liquid stocks (LQ45) rose 4.23 points, or 0.56 percent, to 755.09.
“The IHSG strengthened today thanks to indications of the job creation bill being passed into law soon and the report of Trump’s health getting better,” Bina Artha Sekuritas analyst M. Nafan Aji Gusta noted on Monday.
Data showing an improvement in PMI (Purchasing Managers’ Index) of European countries, expectations of PMI entering the expansion territory in the US, and positive developments in COVID-19 vaccine clinical trials also boosted investor sentiment.
After opening higher, the IHSG remained in the green until the close of trade.
Stocks in five sectors rose, led by the consumer sector, which climbed 1.33 percent, followed by the financial sector and the basic industry sector, which rose 1.19 percent and 0.98 percent, respectively.
Meanwhile, stocks in five sectors showed a correction, with the miscellaneous industry sector falling 0.57 percent, the mining sector shrinking 0.52 percent, and the infrastructure sector declining 0.47 percent.
Monday’s trade posted net foreign purchases of Rp35.2 billion.
A total of 556,982 transactions were recorded on Monday, with 8.86 billion shares, worth Rp5.78 trillion, changing hands. Meanwhile, 224 shares rose, 175 shares fell, and 162 shares remained unchanged.
In the Asian markets, the Nikkei Index rose 282.24 points, or 1.23 percent, to 23,312.14; the Hang Seng index climbed 308.73 points, or 1.32 percent, to 23,767.78; and, the Straits Times Index strengthened by 19.23 points, or 0.77 percent, to reach 2,515.34.
