The euphoria of the presidential election began to recede while the US dollar gained over ..."
Jakarta (ANTARA News) - The Jakarta composite index (JCI) extend again on Thursday with investors buying more than selling shares, analysts said.

The index of the Indonesian Stock Exchange (BEI) closed slightly or 0.11 percent higher at 5,098.64 points with index of 45 most liquid stocks down 0.07 percent to 872.69 points.

"The market players continued to buy selected shares with big capitalization," HD Capitals analyst Yuganur Wijanarko said.

Yuganur said some of the market players began to sell shares for profit ahead of the long holidays of Idul Fitri celebrations.

In trade on Thursday there were 228,886 transaction with 3.44 billion shares valued at Rp4.64 trillion changing hands.

Gainers outnumbered decliners by 165 to 128 shares with 88 shares flat.

Regional markets such as Hang Seng and Straits Times recorded an increase in index with that of Nikkei down

Meanwhile the Indonesian currency rupiah lost more value trading at the level of 11,560 per US dollar in the closing trade from the level of 11,507 per dollar earlier.

"The euphoria of the presidential election began to recede while the US dollar gained over the majority of the global currencies," chief researcher of Monex Investindo Futures Ariston Tjendra said.

The US dollar with investors choosing to keep safe haven currencies like the US dollar on worries over the Ukraine crisis and additional sanction slapped by the United States on Russia.

The additional sanction hampered the process of economic recovery in Europe.

"Heavier sanction on Russia could put pressure on the German economy, the largest economy in Europe as German has big bilateral trade with Russia, Ariston said.

In addition positive US economic data contributed to dollar strengthening, he said.

House sales in the United States rose in June, the highest in eight months with consumer prices up 0.3 percent, he said.

"The data indicate improvement in the US economy," he added.
(Uu.H-ASG/H-YH)

Editor: Priyambodo RH
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