JCI Closed Tuesday, Increasing 0.54 Percent To The Level Of 4,630.13

JAKARTA - The Jakarta Composite Index (JCI) closed higher on trading Tuesday, May 5. JCI closed up 0.54 percent or 24.65 points to 4,630.13.

In closing the trade, there were 221 stocks higher, 177 stocks weakened, and 147 stocks stagnant. The trading volume was recorded at 6.00 billion shares and was traded for IDR 5.25 trillion.

Asian stock markets were overwhelmed by positive sentiment today following the rebound that took place on Wall Street due to strengthening technology sector stocks and rising world oil prices.

"The rebound has given rise to positive sentiment in Asian stock markets," said Gene McGillian, vice president of market research at Tradition Energy in Stamford, Connecticut, as quoted by Reuters.

This afternoon, stocks that were among the top gainers, including PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO) which rose 30.00 percent to Rp130, PT Bank BRIsyariah Tbk (BRIS) which rose 24.75 percent to Rp252, and PT Matahari Department Store Tbk (LPPF), which strengthened 12.17 percent to Rp1,290.

While stocks that are in the top losers ranks, including PT Modernland Realty Tbk (MDLN) which weakened 6.76 percent which weakened to Rp69, PT Repower Asia Indonesia Tbk (REAL) which fell 6.25 percent to Rp60, and PT Surya Citra Media Tbk (SCMA), which fell 4.27 percent to IDR785.