MARKET REVIER IHSG [MARCH 05, 2018]

Composite Stock Price Index (IHSG) on Monday (5/3/2018) ended into the red zone, down 31.72 points or 0.48% to 6,550.59.

Previously, IHSG opened up 11.34 points or 0.17% to 6,593.53 at 09:19 pm. This Monday, the index is trading around 6,543.66-6.607,16.

JCI plummeted as all stock sectors were in negative territory, with basic industry down by 1.46%. Of 498 shares, 211 depressed, 121 stagnant, and 166 strengthened.

The value of stock transactions reached Rp6.87 trillion from 8.74 billion lot shares. Meanwhile, foreign net transactions minus Rp1, 21 trillion, with foreign selling Rp2, 62 trillion and foreign buying Rp1.40 trillion.

The Asian markets were closed, as investors were scrutinizing the annual parliamentary meeting in China. The Nikkei 225 Japan index fell 0.66 percent to 21,042.09, its fourth straight decline. The Nikkei's lowest since October 2017. The Topix ended down 0.79%. In South Korea, Kospi closed down 1.13%.

China's mainland market reversed early losses by closing slightly higher, with Shanghai ending up 0.09%. Shenzhen fluctuated between profit and loss, finally closed up 0.47%.

The China National People's Congress meeting starting on Monday, Prime Minister Li Keqiang announced 2018 growth target of about 6.5%. Over the next two weeks, China's parliament will discuss national budget issues including a military budget of 8.1%. The news pushed their defense industry stocks on the Chinese bourse.