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Jakarta, CNBC Indonesia – Economy Coordinating Minister Airlangga Hartarto said that there are two factors that could make the Composite Stock Price Index (IHSG) perform better next year.
FirstFrom an economic point of view, there is Law Number 11 of 2020 on Job Creation (Ciptaker), also known as the Omnibus Law, which will facilitate business for investors who want to invest in Indonesia. This law was signed on October 5, 2020 in the plenary session of the DPR.
Second, In terms of health, the provision of free vaccines and the implementation of health protocols are priorities to increase public confidence in socioeconomic activities.
With the planned implementation of vaccination in 2021, it will provide a positive sentiment for the economy next year.
“Of course with vaccination planning in 2021, Covid is expected to prevent itself and increase community mobility and community mobility. This will undoubtedly boost economic activity,” he said in his closing speech to be listed on the Stock Exchange. Indonesian Securities (IDX), Wednesday (12/30/2020).
He continued, with this positive sentiment, even JPMorgan also projected that JCI would hit a record high of up to 6,800 in December 2021.
“In line with the economic improvement, JCI and our exchange rate are expected to continue to strengthen in 2021,” he said.
In the last operation this Wednesday (12/30), JCI closed in red, minus 0.95% in 5,979.07 positions. IDX data recorded 143 stocks rose, 365 stocks fell, and 119 stocks stalled.
The value of daily transactions reached 14.51 trillion IDR, with a trading volume of 24.71 billion shares and a trading frequency of 1.17 million transactions.
With this closure, the benchmark index of the Indonesian capital market corrected by 5.09% in the current year, although in the last 6 months the JCI has recovered and has shot up 19.87%.
In comparison, last year, at the close of stock trading, JCI closed down 29.77 points or 0.47% at 6,299.53.
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