President Jokowi Hopes JCI Rally Boosts Real Sector

INDUSTRY.co.id - Jakarta- President Joko Widodo expects a break of the Jakarta Composite Index (IDX) at 6,000 points could push the real sector.

"We expect the money, the fund does not appear in the portfolio, but can enter the real sectors, mainly small businesses, medium enterprises, can enjoy the increase of existing JCI," said President after the opening ceremony of the opening of a national working meeting Rakernas) Representatives of Buddhist Indonesia (Walubi) in 2017 held at the Jakarta International Expo (JI-EXPO) Kemayoran, Jakarta, Thursday (26/10/2017)

The President hopes the JCI rise will not only be temporary, but could continue to a higher level.

"IHSG broke the psychological barrier of 6,000, hopefully it will continue to rise," hoped the President.

At the close of stock trading on the IDX on Wednesday (25/10), JCI closed up 73.35 points or 1.23 percent to 6,025.43, while the group of 45 leading stocks or LQ45 index moved up 11.79 points (1.19 percent) to 995.93.

JCI closed to a record high after investors were optimistic about higher construction and cement maker shares, said Securities Reliance Securities analyst Lanjar Nafi in Jakarta on Wednesday.

According to him, the strengthening of stocks of the sector in line with the approval of the Draft Law (RUU) of APBN 2018 to be passed into law (UU) which includes the state expenditure of Rp2,220.7 trillion.

In addition, he continued, the estimated gross domestic product (GDP) of Indonesia in 2018 which is pegged to grow 5.4 percent adds to positive sentiment for the domestic stock market.