JAKARTA: Jakarta Composite Index (JCI), which measures the overall performance of Indonesian shares, was slightly up by 0.02% or 0.79 point to 3,837.76 at the closing session today, in response to the hike in consumer prices by 5.98% last month from a year earlier.
At the last minute trading, JCI moved in red zone. It moved within the range of 3,832.34-3,856.61. About one share advanced for every share that fell and more than a half of the shares traded in JCI today were unchanged.
An analyst at e-Trading Securities Wisnu Karto said the decrease in global market, including European stocks, pushed JCI to move only in limited range today.
Slowing European and Chinese manufacturing sectors are deepening the concern about debt crisis in Greece.
The increase in JCI was led by mining and consumer goods sectors. Shares that gained today were PT Gudang Garam Tbk which contributed 2.15 points to the index, followed by PT Astra International Tbk 1.67 points, PT Bumi Resources Tbk 1.22 points, and PT Telekomunikasi Indonesia Tbk 1.19 points.
Shares that hampered the movement of JCI were PT XL Axiata Tbk with minus 3.01 points, PT Bank Rakyat Indonesia Tbk minus 2.87 points, PT Kalbe Farma Tbk minus 1.50 points, and PT Bank Mandiri Tbk minus 1.36 points.
Bisnis-27 Index, the index of 27 stocks and launched by business daily newspaper dubbed Bisnis Indonesia, slipped 0.39% or 1.28 points to 331.43. Bisnis-27 Index moved within range 331.12-334.65.
Meanwhile, Stoxx Europe 600 declined 0.76% to 280.34 and FTSE 100 Index decreased 0.11% to 5,982.01.
In regional market, Nikkei-225 rose 0.27% to 9.719,61, Hang Seng declined 0.24% to 23,626.43, Shanghai SE gained 0.001% to 2,743.57, Kospi declined 0.05% to 2,141.34, and Straits Times increased 0.45% to 3,174.14.
The MSCI Asia Pacific Index gained 0.20% to 922.06.
Meanwhile, rupiah was traded up 0.06% against the US dollar at IDR8,538. (NOM)
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Source: http://www.bisnis.com/market-english/25726-jakarta-stocks-up-002-on-rising-consumer-prices
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