JAKARTA - The Composite Stock Price Index (IHSG) was successfully closed in the green zone on Friday March 27 trading. JCI closed up 4.76 percent or 206.67 points to the level of 4,545.57.
At the close of trading, as many as 297 stocks rose, 139 stocks fell, and 122 stocks were stagnant. The trading volume was recorded at 10.21 billion shares and transacted for IDR 12.38 trillion.
Binaartha Sekuritas analyst M. Nafan Aji Gustama said the strengthening of the JCI was supported by the stability of domestic macroeconomic fundamentals which tended to be stable.
"This gives investors high confidence to take advantage of the window dressing action in the first quarter of 2020. The market really appreciates the statement from BI, which is strongly committed to maintaining rupiah stability supported by adequate foreign exchange reserves," Nafan told VOI.
He added that the market also appreciated the US government's US $ 2 trillion stimulus program in order to overcome the negative effects of COVID-19 on the US economy.
"The market also appreciates China's strong commitment to fighting the COVID-19 outbreak by means of a lockdown which is considered successful in reducing the number of cases of transmission of the virus," he said.
He also thought that the market appreciated the G20's commitment to provide a stimulus of US $ 5 trillion in order to overcome the negative effects of COVID-19 on the global economy, "Nafan explained.
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