The catalyst of the 2019 RAPBN will encourage the JCI

November 01, 2018, 07.49 AM  | Reporter: Barratut Taqiyyah Rafie
The catalyst of the 2019 RAPBN will encourage the JCI

ILUSTRASI. Pasar Modal


MARKET AND STOCK TRADING - JAKARTA. The Jakarta Composite Index (JCI) finally gained 42.55 points or 0.74% to 5,831.65 at the close of trading on Wednesday (31/10).

Seven sectors rose, lifting the JCI above the 5,800 level today. Seven sectors rose, lifting the JCI above the 5,800 level yesterday (31/10). The plantation sector recorded the highest increase at 2.23%. The miscellaneous industries rose 2.13%.

The transaction value of 10,98 billion stocks reached Rp 9.40 trillion. Up to 208 stocks had dropped by Tuesday noon, while 183 stocks strengthened and 120 stocks remained stagnant.

Phintraco Sekuritas analyst Valdy Kurniawan assessed that the index received a positive catalyst from the ratification of the 2019 State Budget (RAPBN) Draft. In the draft, the government is still targeting the rate of economic growth at the level of 5.3%. The government also targets an annual inflation rate of around 3.5%, by encouraging household consumption, investment and exports.

In addition, the government also targets the rupiah exchange rate in the range of Rp. 15,000 per US dollar. "This figure raises expectations of a pretty positive economic outlook next year," Valdy said, Wednesday (31/10).

Valdy predicts the RAPBN sentiment is still pushing the JCI to rise in the range of 5,775-5,875. (Translator: Barratut Taqiyyah Rafie)

Cek Berita dan Artikel yang lain di Google News

Editor: Barratut Taqiyyah Rafie

Latest News