Long Waiting For 10 Months, IHSG Finally Back To 6,000

Illustration. (Photo: Doc. Antara)

JAKARTA - After about 10 months, finally the Composite Stock Price Index (IHSG) was able to break the 6,000 level. The last time IHSG was at the 6,000 level was before COVID-19 entered Indonesia, namely in February 2020.

At the close of trading Monday, December 14, the JCI closed significantly higher by 1.25 percent or 74.19 points to a level of 6,012.52. In closing the trade, 276 stocks rose, 189 stocks fell, and 154 stocks were stagnant.

The trading volume at the closing time was recorded at 27.23 billion shares. Today's transaction value reached IDR 18.83 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said that the stability of domestic macroeconomic fundamentals which are inclusive and sustainable provides a positive catalyst for strengthening the JCI today.

"The adequate amount of foreign exchange reserves has a positive impact on the stability of the rupiah. In order to combat the impact of COVID-19, the government has succeeded in bringing in 1.2 million COVID-19 vaccines made by Sinovac from China in the context of mass vaccination," Nafan told VOI.

Meanwhile, the positive sentiment from the global, according to Nafan, is related to market enthusiasm in awaiting the US fiscal stimulus agreement. On the other hand, the global economic recovery has provided a positive catalyst for increased demand for world commodities.

For information, foreign investors today recorded a net sell or net sales with a total value of Rp135.99 billion. The shares of PT Telekomunikasi Indonesia Tbk (TLKM) are the most sold by foreign investors, which are worth IDR209.3 billion.