JAKARTA - The Jakarta Composite Index (JCI) closed higher on trading Tuesday, July 14. JCI closed up 0.29 percent or 14.68 points to the level of 5,079.12.
Closing the trade, 179 stocks rose, 225 shares fell, and 172 stocks remained unchanged. The trading volume was recorded at 9.11 billion shares and was transacted at Rp7.11 trillion.
Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the slight strengthening of the JCI occurred considering the increasingly hot trade war between the United States and China.
"In addition, sentiment for the strengthening of the JCI was also boosted by the results of Singapore's GDP in the second quarter of 2020 which experienced minus 41.2 percent (quarter to quarter), or minus 12.6 percent (year on year)," Nafan explained to VOI.
This afternoon, stocks that were among the top gainers, including PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO) which rose 33.77 percent to Rp206, PT Semen Baturaja Tbk (SMBR) which rose 25.00 percent to Rp410, and PT Pelat Timah Nusantara Tbk (NIKL) which strengthened 25.00 percent to Rp625.
Meanwhile, stocks in the top losers ranks, including PT Transcoal Pacific Tbk (TCPI) which fell 6.90 percent to Rp3,240, PT Boston Furniture Industries Tbk (SOFA) which fell 6.67 percent to Rp6,700 , and PT Tjiwi Kimia Tbk (TKIM) Paper Factory, which fell 5.96 percent to Rp6,700.
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