JCI On Wednesday Closed Slightly Higher At 1.32 Pounds To 4,987.78 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed slightly higher on Wednesday, June 17 trading. JCI closed up 0.03 percent or 1.32 points to 4,987.78 levels.

Closing the trade, 193 stocks rose, 212 shares fell, and 176 stocks were stagnant. The trading volume was recorded at 9.20 billion shares and was transacted at IDR 8.16 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, today there is still minimal positive sentiment from domestic macroeconomic data. Moreover, yesterday the performance of Indonesia's retail sales per April experienced minus 16.9 percent.

"The minister's statement yesterday regarding the potential for a contraction in economic growth (minus 3.1 percent) can be said to be a ballast sentiment for the index, where the market also thinks that the realization of economic stimulus is still low," Nafan told VOI.

From the global perspective, Nafan said, the current global macroeconomic data is still lacking positive catalysts, especially since the results of Japan's trade balance are still in deficit, thus making the Japanese index performance in the red zone, and affecting index performance in the Asia Pacific region.

"The market is also still worried about the potential for a second wave of COVID-19. The market is also concerned about the heating up situation on the Korean Peninsula, where relations between South Korea and North Korea are starting to heat up," Nafan explained.

Apart from that, Nafan added, the market is also concerned about the border dispute between India and China which causes casualties.