VIVAnews – The rising sentiment of most major markets in Asia has triggered the buying action in the Indonesia Stock Exchange (IDX). The issuers’ corporate action of interim dividend payout also added to the positive sentiment to the market.
In the early transaction on Monday, Nov. 23, the Jakarta composite stock price index opened higher by 2.64 points (0.1 percent) to 2,490.
The index gain was obvious as of the pre-opening session which earned 2.71 points.
PT Reliance Securities Tbk. had previously predicted that the index might be weakening along with the low positive sentiment.
However, the domestic issuers’ corporate action to share interim dividend has become a positive sentiment.
According to Reliance’s research, the rupiah exchange rate has yet to appreciate significantly. Other than that, the only improved commodities' prices were apparent in coal, being stored at the harbor.
“In mid term, the Jakarta composite index will still be in bullish trend pattern,” said Gina Novrina Nasution, Reliance’s analyst, in her review received by VIVAnews.
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Translated by: Ariyantri E. Tarman
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