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Ahead of BI Meeting & Biden Appointment, IHSG is Predicted to Transform 6,500

Bisnis.com, JAKARTA – The results of the Meeting of the Board of Governors (RDG) of Bank Indonesia (BI) and the Inauguration of Joe Biden as President of the United States will color the movement of the composite stock price index (JCI) which tries to break the 6,500 level on the trading session 18-22 January 2021.

The Indonesia Stock Exchange (IDX) reported that the Indonesian capital market scored a positive performance in the second week of January or during the period 11-15 January 2021. The average transaction volume jumped 48.77 percent from 21.75 billion shares the previous week to 32.35 billion.

In line with the increase in transaction volume, the average daily transaction value grew 33.06 percent to Rp25.15 trillion. The composite stock price index rose 1.85 percent in a week or from a position of 6,257,835 to 6,373,412 on Friday (15/1/2021).

The IDX noted that Indonesia’s capital market capitalization rose 1.77 percent to IDR 7,430.367 trillion. Foreign investors posted a net buy or purchase of IDR10.57 trillion for the current period of 2021.

For the second week of January 2021, the mining stock sector is still the champion. The Jakmine index rose 4.15 percent to 2,209,432 positions last weekend.

Shares of PT Aneka Tambang Tbk. (ANTM) scored the largest share transaction value in a week, exceeding IDR 16.14 trillion. The price movement of the nickel and gold mining state-owned company (BUMN) issuer soared 20.00 percent to the level of IDR 3,120 in a week.

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