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.

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