Rabu 02 Sep 2015 16:55 WIB

Early September, IHSG weakens

Rep: C09/ Red: Julkifli Marbun
IHSG
Foto: Republika/Wihdan Hidayat
IHSG

REPUBLIKA.CO.ID, JAKARTA –- In the early September, Tuesday (1/9), Composite Stock Price Index (IHSG) was opened weaken. After increasing for several days in the late August, this morning, stock indices moved minus 0.56 percent, or decrease by 25.403 points to level 4484.204.

Majority of sectoral stock indices moved negatively. Only two sectoral indices showed positive movement, namely Agri (0.66 percent) and mining (0.099 percent). Meanwhile basis chemical industry sector, manufacturing, and consumer on sales at 8:55 pm were still stagnant.

At the end of trading in last August, IHSG was closed positively in a mid of negative sentiment exchange of Asia. IHSG was closed up 1.43 percent or 63,406 points at level 4,509,607.

First Asia Capital analyst, David Sutyanto expected the market to move mixed in a mid lack of incentives from global and regional markets. "Chinese manufacturing data that was released today was expected to be re-contracted and could trigger a negative market sentiment," he said, Tuesday (1/9).

While the domestic market was waiting for August inflation data, which would be lower from July. With these considerations, IHSG today was predicted to strengthen at level 4,520.

"IHSG is expected to move with support at level 4,450 and resistance at level 4,520," David explained.

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