IDEX Composite Index Weakens to 6,334.84 by the End of the Week

The Jakarta Composite Index (JCI) closed in the red on Friday (September 13th). The JCI weakened by 0.12% to 6,334.84 from 6,342.17 on Thursday (September 12th). Sentiment surrounding the US-China trade war influenced market players who are awaiting peace negotiations between the two economic giants.

Valbury Sekuritas Indonesia stated that US President Donald Trump's renewed attacks on the US Federal Reserve (The Fed)'s policies are expected to disrupt global market players, including investors on the Indonesia Stock Exchange (IDX). This is because Trump urged The Fed to immediately lower its benchmark interest rate, following the European Central Bank's move to lower its benchmark rate to -0.5%.

RTI recorded investor transactions totaling 7 trillion rupiah with a volume of 13.9 billion shares. Over the week, the JCI strengthened by 0.41% compared to the closing on Friday (September 6th) which was at 6,308.95.

(Read Databoks: [Trade War Eases, Rupiah Strengthens 0.92% in a Week])