JAKARTA: Jakarta Composite Index (JCI), which measures the overall performance of Indonesian shares, slightly increased 0.01% or 0.21 point to 3,837.18, starting its first trading debut in June.
The May inflation to be announced by Central Statistics Agency today gave positive sentiment to JCI this morning. The preliminary estimation from the central bank was that inflation may not occur in May.At the early trading, JCI continued to increase. As of 09.41 a.m. local time, JCI rose 0.12% or 4.44 points to 3,841.41. About two shares rose for every one share that fell and more than a half of the shares traded in JCI today were unchanged.The increase in JCI was led by PT Bank Central Asia Tbk which contributed 1.44 points to the index, PT Bumi Resources Tbk 1.22 points, PT Unilever Indonesia Tbk 0.90 point, and PT International Nickel Indonesia Tbk 0.88 point.Shares that hampered the movement of JCI were PT Bank Mandiri Tbk with minus 1.36 points, PT Telekomunikasi Indonesia Tbk minus 1.19 points, PT Semen Gresik Tbk minus 1.05 points, and PT United Tractors Tbk minus 0.66 point.Bisnis-27 Index gained 0.16% or 0.54 point to 333.25 as of 09.57.Meanwhile, Dow Jones Industrial Average rose 1.03% to 12,569.79 and Nasdaq Composite Index gained 1.37% to 2,835.30.The regional markets posted positive movement. Nikkei inched-up 0.02% to 9,695.92, Hang Seng advanced 0.04% to 23,691.96, Shanghai SE declined 0.35% to 2,733.13, Kospi increased 0.08% to 2,144.28, and Straits Times rose 0.31% to 3,169.88The MSCI Asia Pacific Index gained 0.42% to 924.24.The rupiah slightly increased 0.04% against the US dollar at IDR8,540. (msw)
