The Jakarta Composite Index (JCI) at the Indonesia Stock Exchange (IDX) closed up 0.52% at 6,320.44 points on Tuesday (June 25th). The JCI's performance contrasted with the weakening trend in most Asian stock markets. The Nikkei index fell 0.43%, the Shanghai Composite Index fell 0.87%, the Hang Seng Index fell 1.15%, and the Straits Times Index fell 0.19%.
The JCI's strengthening had been predicted, driven by a US$0.21 billion trade surplus recorded in May 2019. This boosted investor optimism, supporting the JCI's rise today.
Previously, the JCI had fallen for three consecutive days, closing at 6,335.69 points on Thursday (June 20th). The index continued to weaken on Friday (June 21st) and Monday (June 24th), reaching 6,315.44 and 6,288.46 points respectively, due to negative sentiment from the global market.
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