Bank Indonesia Maintain Reference Interest Rate Of 4 Percent, IHSG Instantly Closed Strengthening

JAKARTA - The Jakarta Composite Index (JCI) closed higher in trading today, Tuesday, October 13, 2020. The JCI closed up 39.47 points or 0.78 percent to 5,132.57 levels.

Closing the trade, 198 stocks rose, 213 stocks fell, and 180 stocks remained unchanged. Seven sectors rose, while three sectors slipped into the red zone.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama, said the JCI was in the red zone because stock players were waiting for the results of the Bank Indonesia Board of Governors (RDG BI) meeting which was issued at 14.00 WIB today.

"Well, during the second session, it seemed that the market was very euphoric about the results of the BI RDG which maintained the benchmark interest rate at 4 percent, and was fully committed to implementing the Quantitative Easing (QE) program in order to increase liquidity," Nafan told VOI .

Foreign investors recorded net sales of IDR55.69 billion across markets today. The stocks with the largest foreign net sales were PT Bank Mandiri (Persero) Tbk (BMRI) with IDR 58.4 billion, PT Telekomunikasi Indonesia Tbk (TLKM) IDR 28.2 billion, and PT Bumi Serpong Damai Tbk (BSDE) IDR 27.2 billion. .