Jakarta, CNBC Indonesia – Once again, the Indonesian financial market had to be closed in a mixed manner in yesterday’s trading. The Composite Stock Price Index (JCI) strengthened, but the rupiah exchange rate weakened.
Yesterday, the JCI finished at 7,057.35. It rose 0.15% to become the highest since June 10.
JCI even strengthened for four consecutive days. In the last month, the JCI has risen 5.28%.
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In fact, the trade took place less enthusiastically. Indeed, the recorded transaction volume involved 25.93 billion units of shares, higher than this year’s average of 23.41 billion.
However, the frequency and value of transactions are below the 2022 average. The frequency of trade is 1.29 million times, less than this year’s average of 1.38 million. Meanwhile, the trade value is at IDR 13.62 trillion, below the 2022 average of IDR 15.43 trillion.
However, foreign investors have returned to the country’s stock exchange. The net purchase value of foreign investors was recorded at Rp 1.12 trillion. Thus, the accumulated net purchases by foreign investors throughout 2022 is IDR 54.57 trillion.
Slight strengthening and the entry of foreign investors in the stock market does not necessarily make the rupiah strengthen. When the market trade closes spot, the rupiah weakened 0.13% against the US dollar to Rp 14,930/US$. The rupiah has also weakened for four consecutive days ahead of greenback.
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