Jakarta (Antara) - The Jakarta Composite Index (IHSG) was up 4.65 percent or 207.48 points to 4,679.73 at the close of trading on Thursday. The index of the 45 most liquid shares (LQ45) was also up 5.22 percent or 41.59 points to 793.79. Head of Investment at PT AAA Asset Management Siswa Rizali said trading was dominated by global sentiments, following Fed's decision to continue its bond buying programme at US$85 billion a month. "Right now, the global sentiment is more important than fundamentals of companies or Indonesian macro-economic conditions," he noted. He added that shares and bonds are both attractive but volatility of shares remained potentially high, considering that in a short time, its rise has made valuation neutral. He said he is still focusing on shares with big capitalisation such as those of Astra International (ASII), Bank Rakyat Indonesia (BRI), Bank Mandiri (BMRI), Semen Gresik (SMGR), Unilever (UNVR), Indofood Sukees Makmur (INDF), and Nippon Indosari Corpindo (ROTI). HD Capital analyst Yuganur Wijanarko, meanwhile, mentioned that technically, the hike of the IHSG was driven by euphoria, following Fed's decision to continue its stimulus, making it vulnerable to sell-offs. "Be alert of the buying saturation that indicates that the momentum of index hike will slow down," he said. Transactions at the Indonesia Stock Exchange on Thursday were recorded at 287,201, with a volume reaching 8.374 billions of shares worth Rp11.042 trillion. A total of 270 shares gained, while 60 others lost and 70 were unmoved. Hang Seng index was up 385.06 points (1.6 percent) to 23,502.51, while Nikkei-225 was up 260.82 points (1.80 percent) to 14,766.18, and Straits Times was up 56.55 points (1.77 percent) to 3,250.87. (*)

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Editor : Tunggul Susilo


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