JABAR EKSPRES – The Composite Stock Price Index (JCI) of the Indonesia Stock Exchange (IDX) on Tuesday opened weak amid the strengthening of the majority of Asian stock markets.
JCI opened down 15.98 points or 0.24 percent to 6,665.12. Meanwhile, the group of 45 leading stocks or the LQ45 Index fell 3.33 points or 0.35 percent to 943.24.
“JCI today is predicted to move mixed (varied) in the range of 6,610 to 6,746,” said Ajaib Sekuritas Financial Expert Chisty Maryani in Jakarta, Tuesday.
The position of government debt until the end of April 2023 was recorded at IDR 7,849.89 trillion, or lower than the position at the end of March 2023 which amounted to IDR 7,879.07 trillion.
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The nominal government debt was followed by a debt ratio of 38.15 percent of Gross Domestic Product (GDP), still below the safe limit stipulated in the legislation.
The Ministry of Finance reported that non-tax state revenue (PNBP) grew 22.8 percent year on year (yoy), and last week, domestic macro conditions remained stable after Bank Indonesia (BI) again maintained its benchmark interest rate at 5.75 percent.
From abroad, the UK recorded retail sales for the April 2023 period of minus 3 percent (yoy), or better than the previous period which recorded a contraction of minus 3.9 percent (yoy).
Meanwhile, Malaysia recorded inflation for the April 2023 period decreased slightly to 3.3 percent (yoy), compared to the previous period which was at 3.4 percent (yoy).
Asian regional stock markets on Monday morning include the Nikkei index weakened 160.00 points or 0.51 percent to 31,073.50, the Hang Seng index strengthened 66.58 points or 0.36 percent to 18,617.68, the Shanghai index strengthened 5.36 points or 0.17 percent to 3,226.81, and the Straits Times index strengthened 5.83 points or 0.18 percent to 3,201.05.
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