Monday, 23 September 2019 | 01:48 WIB

APEI: May 22 Protest Does Not Affect Transactions

APEI: May 22 Protest Does Not Affect Transactions (mncinves)

JAKARTA, NETRALNEWS.COM - The Indonesian Securities Companies Association (APEI) assessed that the demonstrations on May 22, 2019, which led to riots, had not affected investors in the capital market in conducting buying transactions on Thursday (23/5).

"The Jakarta Composite Index (JCI) today (23/5) rose, meaning investors were confident, yesterday's protests (22/5) did not affect investors to engage the market today," said APEI Chairman Rudy Utomo on Thursday ( 5/23/2019).

Rudy said the political issues in the country have not been too big after the General Election Commission (KPU) announced the results of the national recapitulation of the 2019 Presidential Election.

"The results of the presidential election are clear, the vote difference is also quite large, meaning that the results of the presidential election have been 'firm'. Moreover, the 01 faction has also been congratulated by leaders of the world" said Rudy

Nevertheless, he continued, some investors who had been on wait and see mode had probably not yet been aggressive in pouring their funds into the capital market.

"The sentiment regarding the Prabowo camp that filed a Presidential Election lawsuit to the Constitutional Court will be a concern of some investors who have tended to take a 'wait and see' position, possibly they are not too aggressive in entering the market," said Rudy Utomo, President Director of PT Evergreen Securities Indonesia .

Pacific2000 Securities analyst Indra Then added the stock market was not too reactive to the 22 May 2019 action, moreover security forces could quickly reduce the situation to be conducive.

"The conducive situation has encouraged investors to take action to buy and encourage the JCI to rise quite high," Rudy explained.

Meanwhile, the JCI closed up 93.06 points or 1.56 percent to 6,032.69 on Thursday afternoon. In addition, the 45 leading stocks or the LQ45 index moved up 22.22 points or 2.41 percent to 943.95.