IDX Record IHSG Week Down 0.11 Percent

INDUSTRY.co.id - Jakarta - Indonesia Stock Exchange (IDX) recorded the composite stock price index (IHSG) during the week or period September 4-8, 2017 weakened by 0.11 percent to 5,857.11 points.

"In that period, the JCI fluctuated and corrected a thin 0.11 percent to 5,857.11 points from 5,864.05 points at the close of the previous weekend," said Head of IDI Communication Division Yulianto Aji Sadono in an official statement in Jakarta, Sunday (10 / 9/2017)

Along with the performance of JCI, he added, BEI market capitalization value also decreased by 0.02 percent to Rp 6,424.17 trillion in that period.

In that period also recorded, the average value of daily transactions BEI decreased 9.49 percent to Rp6, 29 trillion compared to the previous week Rp6, 95 trillion.

Meanwhile, the average daily frequency of IDX this week also decreased by 8.83 percent to 290,400 thousand times transactions from 318,550 thousand transactions in the previous week.

Nevertheless, the average daily transaction volume in the September 4-8 period of 2017 increased by 8.13 percent to 10.23 billion shares from 9.46 billion shares a week earlier.

"In that period, foreign investors also recorded a net sale of Rp6.51 trillion," he said.

Separately, Indosurya Mandiri Securities analyst William Surya Wijaya said during that period, the JCI is within a reasonable consolidation range. Going forward, Indonesia's foreign exchange reserves data that recorded an increase will be a positive sentiment for JCI.

Bank Indonesia noted that Indonesia's foreign exchange reserves position in August 2017 was 128.8 billion US dollars, higher than the end of July 2017 position of 127.8 billion US dollars.

"The foreign exchange reserves that are reported in the upward position and far above the international adequacy standard for imports are about three months, this condition indicates that fundamentally the national economy is in a fairly stable state," he said.