Jakarta, CNBC Indonesia – The Indonesian stock exchange is still on holiday today, due to a joint leave to commemorate the Hijri New Year. Too bad, because if it’s open it is not impossible Composite Stock Price Index (IHSG) will strengthen.
The JCI is likely to move in the same direction as major Asian stock indices, which tend to strengthen. Following is the development of the main stock index of Benua Kuning at 09:25 WIB:
It seems that investors are taking swift action after the red Asian stock market was burning red in yesterday’s trading. The discounted share price is certainly interesting to collect.
In addition, investors responded positively to the latest economic data. The preliminary reading of manufacturing activity as reflected by the Japanese manufacturing Purchasing Managers’ Index (PMI) in August was 46.6. An increase compared to the previous month which was 45.2.
PMI uses the number 50 as a starting point. If it is below 50, it means that the business actor has not expanded.
Although the Japanese manufacturing PMI is still below 50, there has been an upward trend since touching its nadir last March. This indicates that gradually the confidence of the business world has begun to rise.
Factor technical rebound and the Japanese PMI data succeeded in stimulating Asian stock markets. However, Indonesia cannot join the party.
CNBC INDONESIA RESEARCH TEAM
(aji/aji)
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