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Wednesday, February 19, 2014

Thursday Composite Index opened down 9.08 points

Thursday Composite Index opened down 9.08 points


 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Thursday opened down by 9.08 points as the market in Asia .

BEI index opens down by 9.08 points or 0.20 percent to 4583.57 . While the index of 45 leading shares ( LQ45 ) fell 2.35 points ( 0.30 percent ) to a level of 771.19 .

" The majority of Asian markets moved lower , including JCI Stock Exchange this morning after the institution of the international monetary fund ( IMF ) pessimistic about global economic growth , " said analyst Samuel Securities , Yualdo Yudoprawiro on Thursday .

Moreover , he added , the Fed is considering the possibility to revise the interest rates are still low at this time and the continuation of fiscal stimulus reduction ( tapering off ) adds to the negative sentiment for global stock markets .

" JCI is expected to weaken on Thursday following the sentiment of regional markets and the U.S. , " he said .

Meanwhile , Head of Research Valbury Asia Securities , said Alfiansyah if the appreciation of the rupiah against the U.S. dollar resumed today , will be one of the supporting factors for JCI .

Moreover , according to him , apparently the result of corporate financial performance and stability of the financial year 2013 as well as the macroeconomic fundamentals of the Indonesian political optimism conducive still gives hope for foreign investors to invest in the stock market in Indonesia.

" Still , the sentiment of the more dominating effect on the internal movement of the domestic index in recent days , but weakening is happening to the global stock markets could affect the movement of the JCI , " he said .

Regional exchanges , including the Hang Seng index fell 194.34 points ( 0.86 percent) to 22470.18 , the Nikkei index fell 197.73 points ( 1.34 percent ) to a level of 14568.78 and Straits Times gained 3.41 points ( 0.11 percent ) to 3092.24 position .

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