The Jakarta Post, Jakarta | Wed, 01/12/2011 3:47 PM
The nation’s benchmark stock index rebounds back to the 3,500 psychological level, gaining 2.21 percent, or 76.45 points, at midday break.
The Jakarta Composite Index (JCI) was closed at 3,531.58 at the stock exchange’s noon break following a four-day slump since last Thursday that caused the index to suffer almost 9.5 percent in losses.
Foreign investors sold more than Rp 4.5 trillion worth of stocks over the four-day slump, mainly blue chips. During Wednesday’s trading, however, investors began to buy blue chip shares on Thursday’s trading as the prices lowered through the four-day downfall, with Bank Central Asia (BCA), the second biggest firm by market capitalization, gaining 2.63 percent, or 150 points, to Rp 5,850 apiece.
Telecommunication giant Telekomunikasi Indonesia, the state’s crown-jewel in the stock market as well as the third largest firm by market value, was also traded higher at midday break at Rp 7,450 per share, up 3.47 percent or 250 points. (est)
The nation’s benchmark stock index rebounds back to the 3,500 psychological level, gaining 2.21 percent, or 76.45 points, at midday break.
The Jakarta Composite Index (JCI) was closed at 3,531.58 at the stock exchange’s noon break following a four-day slump since last Thursday that caused the index to suffer almost 9.5 percent in losses.
Foreign investors sold more than Rp 4.5 trillion worth of stocks over the four-day slump, mainly blue chips. During Wednesday’s trading, however, investors began to buy blue chip shares on Thursday’s trading as the prices lowered through the four-day downfall, with Bank Central Asia (BCA), the second biggest firm by market capitalization, gaining 2.63 percent, or 150 points, to Rp 5,850 apiece.
Telecommunication giant Telekomunikasi Indonesia, the state’s crown-jewel in the stock market as well as the third largest firm by market value, was also traded higher at midday break at Rp 7,450 per share, up 3.47 percent or 250 points. (est)
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