First Session, Selling Pressures Pushes JCI Lower


The fall in commodity prices amid rising yields on US bonds and the Rupiah depreciation triggered the pressure on the Jakarta Composite Index in Session I trading (30/3) to fall 69.67 points or 1.13% to 6,097.14.

"Selling pressure has not moved on from the Indonesia Stock Exchange due to a combination of falling prices for several commodities," said Head of Research at MNC Sekuritas Edwin Sebayang in Jakarta on Tuesday (30/3).

On the other hand, the increase in yields on 10-year US bonds is already above 1.72%, which will impact the increase in Indonesian bond yields and will again depreciate the Rupiah exchange rate.



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