Jakarta, hitclubapk3 Indonesia
—
Index
Stock Prices
Combined (
IHSG
) again took notes
record
new high aka
all time high
(ATH) in trading this morning, Sunday (10/11), after briefly breaking through the 8,478 level at around 10.00 WIB.
This increase continues the positive trend in the domestic stock market that has been visible since the beginning of the month.
Quoting RTI Infokom data, the JCI opened at level 8,443, up from last weekend’s closing at 8,394, and briefly moved around 8,430 at 10.38 WIB.
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The transaction value reached IDR 8.58 trillion with a total trading volume of 17.23 billion shares.Of all shares traded, 351 shares rose, 245 weakened, and 210 remained stagnant.
According to financial market observer Ibrahim Assuaibi, the sharp jump in the JCI this morning, which reached 2.76 percent to 8,394.59, was driven by positive expectations regarding a number of domestic and external economic data.
“The main reason investors are waiting for consumer confidence index data from Indonesia. If the consumer confidence index is above the previous month, this will most likely be good for the future,” said Ibrahim to
hitclubapk3Indonesia.com
, Monday (10/11).
He explained that the consumer confidence index is an important indicator of people’s purchasing power.If the value rises, this reflects public confidence in improving economic conditions, which in turn can increase positive sentiment on the stock market.
Apart from the consumer confidence factor, Ibrahim also believes that the market is responding to the government’s plan to redenominate the rupiah, namely simplifying the value of the currency from IDR 1,000 to IDR 1.
“The government will most likely cut the price of the rupiah. This is being discussed in the Redenomination Bill which will most likely be included in the 2026 Prolegnas and implemented in 2027,” he said.
According to him, this policy is seen as positive by market players because it will strengthen the perception of the rupiah exchange rate and emphasize monetary stability.
“With the currency cut from IDR 1,000 to IDR 1 and the dollar being pegged at IDR 15 thousand, this is quite capable of strengthening the JCI,” he added.
From the external side, Ibrahim said investors were also looking forward to the release of United States inflation data and Chinese manufacturing data, two factors that often influence the direction of global markets.
“If American inflation is still around 3 percent, it means there won’t be much global change. But if it is above that, the JCI movement could be affected. Likewise China’s manufacturing data because the trade war is still having an impact on the economy there,” he said.
Meanwhile, VP Equity Retail Kiwoom Sekuritas Indonesia Oktavianus Audi assessed the achievements
all time high
This morning’s JCI is the result of a combination of several technical and fundamental factors.
“IHSG in the first session was touching
high
at level 8,478 or a new high.This is driven by several factors, including:
rebalancing
global indices, such as MSCI,
adjustments
“The market’s positive financial performance in the third quarter, as well as the stability of commodity prices,” said Oktavianus.
According to him,
rebalancing
Global indices encourage passive inflows from investment products that adjust their portfolios to indices such as MSCI.
Apart from that, the financial reports of a number of issuers in the technology and raw goods sectors which showed positive performance also lifted market sentiment.
“The stability of commodity prices also encourages positive speculation on issuers’ financial performance, thereby increasing share prices on the market,” he explained.
In recent weeks, the JCI has moved stronger in line with improvements in a number of domestic economic indicators, ranging from controlled inflation, inflow of foreign capital, to optimism regarding the prospects for national economic growth in the fourth quarter.
Positive sentiment also emerged from the government’s steps to maintain fiscal stability and the exchange rate amidst global turmoil.
With a combination of relatively stable domestic and external factors, market players assess that the opportunity for the JCI to re-test the 8,500 level is wide open in the near future.
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(del/dhf)
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