JCI Strengthens Almost 1 Percent To Level 5,978.51

JAKARTA - The Composite Stock Price Index (IHSG) managed to strengthen at the close of trading on Wednesday, February 5. JCI rose 56.17 points or 0.94 percent to 5,978.51.

At the close of trading, there were 224 stocks strengthened, 173 stocks weakened, and 152 stocks were stagnant. Trade transactions reached Rp7.27 trillion from 6.17 billion shares traded.

The LQ45 index rose 11.72 points or 1.2 percent to 976.56, the Jakarta Islamic Index (JII) index rose 7.87 points or 1.2 percent to 647.51, and the IDX30 index rose 6.43 points or 1, 2 percent to 534.48.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the trend of positive US economic growth achieved during Trump's leadership provided a positive catalyst for the market, in addition to its role in ending the trade war between the US and China by signing a phase 1 trade agreement.

"On the other hand, Indonesia's 2019 economic growth which is relatively stable at the 5.02 percent level provides a positive catalyst for the market," Nafan told VOI.

Meanwhile, stocks that were included in the top gainers, namely PT Smartfren Telecom Tbk (FREN) rose Rp. 16 or 16.67 percent to Rp112, shares of PT Eagle High Plantations Tbk (BWPT) rose Rp. 15 or 12.93 percent to Rp. 131, and shares of PT. Indosat Tbk (ISAT) increased IDR 210 or 9.59 percent to IDR 2,400.

As for the stocks that entered the top losers, among others, the shares of PT Pool Advista Indonesia Tbk (POOL) fell IDR 20 or 28.57 percent to IDR 50, shares of PT Repower Asia Indonesia Tbk (REAL) fell IDR 38 or 15.57 percent to IDR 206, and shares of PT Sky Energy Indonesia Tbk (JSKY) fell IDR11 or 8.21 percent to IDR123.