Weak Commodity Prices Triggers JCI Falling


The combination of falling prices for several commodities triggered a weakening of the Jakarta Composite Index (JCI) at the opening of trading on Wednesday (31/3) by 8.49 points.

"In addition, the increase in yields on US 10-year bonds, the highest for the past 14 months, was approaching 1.73%, which will have an impact on the increase in Indonesian bond yields and the depreciation of the Rupiah exchange rate approaching the level of Rp14,500 has put pressure on the index," said Head of Research. MNC Sekuritas Edwin Sebayang in Jakarta.

Meanwhile, the Indonesia Stock Exchange opened, corrected by 8.49 points (0.14%) to 6,062.95. Meanwhile, the leading stock index LQ45 fell 2.74 points (0.3%) to 914.14.



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