IHSG Capital Outflow Concerns Depressed

By : Wiyanto Dan Aldo Bella Putra | Monday, February 05 2018 - 23:00 IWST

Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok INDUSTRY.co.id)
Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - For early trading this week IHSG potentially depressed. JCI is expected to move in the range 6600 - 6670.

"Currently the market is worried that there will be an increase in US yield so that JCI has capital outflow," said David Sutyanto, Head of Equator Research at Swarna Sekuritas in Jakarta, Monday (5/2/2018).

He said the inflation data also showed a decrease from 2.95% to 2.69%. At the beginning of this week BPS will release Indonesia's GDP data projected to be in the range of 5.1%.

Entering the beginning of February IHSG closed higher at the end of last week. Friday (2/2), JCI closed with the addition of 30.36 points or 0.46% to 6,628.82.

JCI briefly touched its highest level on Monday (29/1) at position 6,680.62. During the last week, JCI recorded a correction of 31.8 points or 0.48%. The multifarious industry sector is the highest with 1.19%, followed by 0.73% trading sector.

While the sector that became a weight for JCI is the basic industry of 0.92% and construction minus 0.22%. Foreign Investors also recorded a net sell of Rp 770 billion. This indicates a profit taking action after IHSG set a record.

US stocks fell at the end of last week. The Dow Jones Industrial Average fell 666.75 points to close at 25,520.96. Thus, the Dow Jones index has suffered its worst decline since June 2016, at which time the US benchmark index shed more than 500 points. Meanwhile, the S & P 500 index was down 2.1% at 2,762.13. While the Nasdaq index fell 1.96% to 7240.95. This is due to better-than-expected US labor data so that interest rates are expected to rise.

News Comment

Today's Industry

Chevron SG Chairman Law Tat Win Credit: Chevron

Rabu, 07 Desember 2022 - 19:44 WIB

What hinders manufacturing firms from lowering their carbon footprint

Chevron Singapore Country Chairman Law Tat Win said the right policies and partnerships are needed for a cleaner energy shift.

Gojek Used for Transportation and Logistics in Indonesia. (Photo: tirto.id)

Rabu, 07 Desember 2022 - 18:48 WIB

Gojek Most Used for Transportation and Logistics in Indonesia

The latest study done by the economic research center Institute for Development of Economics and Finance (Indef) found Gojek to be the most used application (app) for transportation and logistics…

PT Sariguna Primatirta Tbk (Tanobel Group)

Rabu, 07 Desember 2022 - 15:30 WIB

Expand Aggressively, CLEO To Builds 3 New Plants and Develops Distribution Network in 2023

PT Sariguna Primatirta Tbk (Tanobel Group), a listed company, manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, will continue the Company's aggressive expansion…

Asahi Kasei Europe GmbH

Rabu, 07 Desember 2022 - 14:15 WIB

Asahi Kasei Participates in Investment in Circularise

Asahi Kasei has decided to invest in Circularise B.V., a startup company in the Netherlands that provides digital product passports and mass balance bookkeeping software, together with Brightlands…

(Photo: © 2022 KRAIBURG TPE)

Rabu, 07 Desember 2022 - 13:18 WIB

KRAIBURG TPE THERMOLAST® H TPE For Medical Valve Applications.

Medical valves control or deliver fluids (liquids and gases) and are essential in operating rooms, intensive care units, outpatient facilities, laboratories, and even homecare settings.