Indonesia’s benchmark Jakarta Composite Index (IHSG) commenced trading on Thursday, February 19, with a notable surge, signaling a positive start to the day for the national stock market. The index opened significantly higher, climbing 49.28 points, representing a 0.59 percent increase, to reach 8,359.
Mirroring this upward momentum, the LQ45 index, which tracks the 45 most liquid and largest market capitalization stocks on the Indonesia Stock Exchange, also registered gains. It advanced by 3.83 points, or 0.46 percent, settling at 842 in early trading. This strong opening performance across key Indonesian indices indicates robust investor sentiment as the trading week progresses.
However, the positive trend in the equity market contrasted with the performance of the local currency. In the foreign exchange market, the Indonesian Rupiah continued to face downward pressure. It weakened by 47 points, or 0.28 percent, trading at Rp 16,884 per US Dollar according to Bloomberg data recorded at 09:00 AM Western Indonesian Time (WIB).
Asian Stock Market Performance This Morning:
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Japan’s Nikkei 225 Index demonstrated strong performance, rising 421.09 points (0.74 percent) to reach 57,564.
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The Hang Seng Index in Hong Kong had no data available at the time of reporting.
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Similarly, data for China’s SSE Composite Index was not available.
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Singapore’s Straits Times Index also recorded significant gains, increasing by 45.92 points (0.93 percent) to settle at 4,984.