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Index IDX Today: JCI Strengthened Oil Rebound

Jakarta (Benchmark News) – Composite stock price index (IHSG) rose opened 0.14% or 7.81 points to 5,428.45 on trading levelThursday (6/10/2016).

Next index strengthened 0.34% or 8.62 points to 5,439.27 at level 2. From 538 shares traded, 23 shares rose as much as 9 shares weakened, and 506 stocks stagnate. Seven of the nine sectors listed on the Indonesia stock exchange strengthened with the largest increase experienced by mining sector 0.99%. As for the other two sectors weakened i.e. infrastructure and agribusiness.

The index also opened 27 Business rose 0.21% to 482.75. As for the exchange rate of the rupiah against the U.S. dollar strengthens in thin 0.01% to Rp 12.997. JCI rebounds after weakening 0.94% closed on previous trade.

Sinarmas Securities research team also predict the index will move vary tend to strengthen on today. ” Strengthening the index along with the rise in commodity prices of petroleum, “he insists in research. Furthermore, the positive news from the manufacturing and services sector data the U.S. gives positive sentiment toward U.S. financial exchanges. ” Sell on Strength strategy can be applied to the next few days, “he added.

As is known, the price of crude oil rose approached US $ 50 a barrel after u.s. Government data showed that crude oil stockpiles dropped last week. West Texas Intermediate oil for November delivery rose US $ 1.14 or 2.3% to US $ 49,83 a barrel on the New York Mercantile Exchange. Meanwhile, Brent oil for delivery in December rose 99 cents or 1.9% to US $ 51.86 a barrel on the ICE Futures Europe exchange, based in London…(Red)

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