JAKARTA - The Jakarta Composite Index (JCI) was successfully closed in the green zone on Wednesday, August 12 trading. This is according to Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama, in line with the positive development of the COVID-19 vaccine.
He said the JCI was fueled by the rapidly growing sentiment in the development of vaccine trials. This sentiment has strengthened interest in investing in riskier assets as a whole, including the domestic capital market.
"Then, the government's commitment in carrying out the national economic recovery program has also encouraged the JCI to move higher," Nafan said to VOI.
Wednesday, the JCI closed up 0.83 percent to 5,233.45 or up 43.29 points. During trading, JCI moved in the range of 5,178.46 to 5,235.52.
JCI managed to continue strengthening, and has rallied for three consecutive trading days.
This afternoon, as many as 164 stocks managed to strengthen, 260 stocks corrected, while 274 other stocks did not move from yesterday's trading position.
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