Fixed BI Rate Of 5 Percent Makes JCI Greener To 6,249.21

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index closed green at the close of trading Thursday, January 23. JCI closed up 15.75 points or 0.25 percent to 6,249.21.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the increase in the JCI today was influenced by market euphoria related to maintaining the benchmark interest rate by Bank Indonesia.

"Apart from that, the easing of trade war sentiment has provided a positive catalyst for the index," Nafan told VOI, Thursday, January 23.

As is well known, the Bank Indonesia Board of Governors Meeting (RDG) on 22-23 January 2020 decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 5.00 percent, the Deposit Facility interest rate at 4.25 percent, and the Lending rate. Facility of 5.75 percent.

The Governor of Bank Indonesia, Perry Warjiyo, said that this decision was supported by the improvement in the global economy, especially supported by the forecast for growth in a number of developing countries which was higher than previously estimated.

At the close of trading today, stocks that were moving in the ranks of top gainers, including PT Limas Indonesia Makmur Tbk (LMAS) which rose 15.04 percent to Rp130 per share, PT Pelat Timah Nusantara Tbk (NIKL) which rose 13, 93 percent to Rp695 per share, and PT Saranacentral Bajatama Tbk (BAJA) which rose 11.11 percent to Rp80 per share.

Meanwhile, among the top losers, PT Minna Padi Investama Tbk (PADI), which fell 33.33 percent to IDR50 per share, PT Envy Technologies Tbk (ENVY), which fell 10.57 percent to IDR440 per share, and PT Trinitan Metals and Minerals Tbk (PURE).