Illustration ( Rizal)
Illustration ( Rizal)

Composite Stock Price Index Strengthens after Elections

22 April 2019 11:57
Jakarta: The composite stock price index (IHSG) of the Indonesia Stock Exchange (IDX) opened higher on Monday after the holding of the peaceful simultaneous presidential and general elections on April 17.  
The CSPI opened up 3.87 points or 0.06 percent to 6,511.09. While the 45 leading stocks or the LQ45 index moved up 0.88 points or 0.09 percent to 1,031.
"Election sentiment has the potential to still be able to support the CSPI to move to the green zone, plus the company's earnings report for first quarter of 2019 that can be a positive catalyst this week," Head of Research at Valbury Sekuritas Alfiansyah said here on Monday.

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This year's simultaneous general and presidential elections has become the attention of investors, who had previously considered making a decision to wait and see.
The situation is expected to make investors again trust the elected leader who would run the country's economy, Alfiansyah said, adding that it means, in the next five years there would be certain policies carried out by the government.
"This raises certainty for investors. In addition, investors would see how government policies choose to overcome structural problems in Indonesia," Alfiansyah said.
Meanwhile, regional exchanges including the Nikkei index rose 23.98 points (0.11 percent) to 22,224.54 and the Straits Times rose 7.82 points (0.23 percent) to the position of 3,355.4.
Indonesia held its first-ever simultaneous general and presidential elections on Wednesday. Voters elected the president, vice president and members of national and local legislative bodies on the same day. 
According to the General Elections Commission (KPU), as many as 192 million people were eligible to vote this year. In the meantime, more than 800 thousand polling stations were open across the country.
According to reports, the polling stations were guarded by 270 thousand police officers and 70 thousand military personnel. In addition to that, police and military were assisted by 1.6 million community protection (linmas) officers.(Antara)


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