Commodities and Stock Index Records
Throughout last week, the movement of the Composite Stock Price Index fluctuated. The pressure lasted until mid-week, but eventually the index was able to strengthen, even closing the trade with a record.
IHSG 0.49 percent to 6,726.3. This closing figure beats the previous record at the level of 6,723 on November 22, 2021. Meanwhile, the intraday record is still unbeaten at 6,754, which was recorded on November 22, 2021. The capitalization of the Indonesia Stock Exchange rose 1.22 percent to Rp. 8,463 trillion from Rp. 8. .360 trillion in the previous week. In last week's trading, the strengthening of issuer stocks in the commodity sector was the driving force. The strengthening of commodity stocks was also inseparable from the increase in the prices of several commodity products. The price of crude palm oil (CPO) continues to rise. Other commodities, such as coal, which weakened in the middle of last week, rose again at the weekend to above 210 US dollars per tonne. If you pay attention to commodity index charts, such as the Commodity Research Bureau (CRB) Index chart, the increase has actually been seen since 2020. CRB is an indicator of commodity prices in global markets. In the midst of fears of a spike in Covid-19 cases due to the Omicron variant, the increase in commodity prices will still be one of the drivers of the increase in stock indexes this week. Investors are also prepared to wait for the announcement of the issuer's 2021 annual performance which is projected to be better than 2020 while expecting dividends.
|•SOURCE•| Articles :TEMPO | Image :KOINWORKS |
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