The Indonesian Stock Exchange (BEI) Composite Stock Price Index (IHSG) on Friday (15/3) morning opened lower by 24.64 points or 0.33% to 7,408.66. This decline occurred in line with the weakening of Asian and global stock exchanges.
“Today’s JCI (15/3) is predicted to move varied and weaken in the range of 7,380 to 7,450,” said Ajaib Sekuritas Financial Expert Ratih Mustikoningsih in Jakarta.
Domestically, the Central Statistics Agency (BPS) will report data on Indonesia’s trade balance for the period February 2024 today, Friday. It is estimated that a surplus will still occur and the figure will reach US$2.05 billion.
Then, retail sales as reflected in the Real Sales Index (IPR) in January 2024 grew 1.1% on an annual basis. This figure is higher than the December 2023 period which only grew 0.2%.
From abroad, US retail sales grew 1.5% in February 2024, after stagnating in the previous month due to weakening consumption.
From Asia, market players are worried about the property sector crisis that China is experiencing again. There is a potential for Vanke’s payment failure to follow in the footsteps of other large property companies such as Evergrande and Country Garden. (Ant/Z-11)
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