Jakarta: The Composite Stock Price Index (IHSG) in the Indonesia Stock Exchange at this week's end is forecast to hover in the green zone in line with the conducive security situation following the tumultuous mass action.
On Friday's opening, the Indonesia Composite Index gained 9.88 points, or 0.16 percent, to 6,042.58, whereas the index of the 45 leading stocks, or LQ45, inched up 1.97 points, or 0.21 percent, to 945.92.
"The IHSG is projected to keep increasing in stock trading today along with the conducive condition of national security following the pandemonium in Jakarta on May 21-22 after the KPU's official declaration of results of the elections on Apr 17," Valbury Securities' head of research Alfiansyah noted in Jakarta on Friday.
On the external front, global factors have until now been swayed by worries of a trade war between the United States and China.
"It is forecast that domestic factors would override global sentiment," Alfiansyah said.
This morning, among the Asian regional exchanges, the Nikkei index dropped 115.13 points, or 0.54 percent, to 21,036; the Hang Seng Index increased 150.2 points, or 0.55 percent, to 27,417.33; and the Straits Times Index slid 5.63 points, or 0.18 percent, to 3,166.35.
The General Elections Commission (KPU) had announced the final results of the recent parliamentary and presidential elections, declaring the victory of the Joko Widodo (Jokowi)-Ma'ruf Amin pair on early Tuesday.
The final tally that the KPU announced at around 1:28 a.m. indicated that the Jokowi- Amin pair had secured 85 million votes, or 55.5 percent of the national vote, as compared to contenders Prabowo Subianto-Sandiaga Uno's 68 million votes, or 44.5 percent.
The Jokowi-Amin pair had declared victory, while the Prabowo-Sandi pair rejected the KPU's official tabulation results and vowed to challenge it at the Constitutional Court (MK).
This unfinished political process sparked a mass protest from the Prabowo-Sandi pair's supporters, who alleged massive fraud in the presidential elections.
Tensions arose and led to a riot in the Tanah Abang area of Central Jakarta from Tuesday evening to early Wednesday.
The post-election riot that occurred from Tuesday to Wednesday has claimed eight lives and caused 541 injuries, as of Thursday at 11.00 a.m. local time, Jakarta Governor Anies Baswedan revealed.