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The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) strengthened by 1.08% to 6,257.33 at the close of trading on Tuesday (June 18th). The JCI received positive global sentiment ahead of the meeting of the United States Federal Reserve (The Fed), which is predicted to cut its benchmark interest rate.
After falling into the red zone for four consecutive days since June 12th, 2019, the JCI entered the green zone for the first time. Alfiansyah, Head of Research at Valbury Sekuritas, said that global sentiment more dominantly influenced the JCI.
Similarly, M. Nafan, Analyst at Bina Artha Sekuritas, stated that market players are awaiting the announcement of the benchmark interest rates by The Fed and Bank Indonesia (BI), which are expected to support economic growth, thus strengthening the JCI.
(Read Databoks: [IHSG Falls into the Red Zone, the Influence of the 2019 Presidential Election Dispute Hearing?](https://databoks.katadata.co.id/datapublish/2019/06/14/ihsg-jatuh-ke-zona-merah-efek-sidang-sengketa-pilpres-2019))
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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