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Sunday, March 21, 2010

Why IHSG went UP this week about 76,463 Point??

Composite Stock Price Index (IHSG) shot a sharp 76.463 points (2.86%) throughout the trading week yesterday, along with the continued entry of foreign capital flows with net buy position (net buy) amounting to Rp 1.93 trillion.

Based on data from the Indonesia Stock Exchange trading Sunday (21.3.2010), the action net buying (net buy) foreign investors reached Rp 1.93 trillion during the week yesterday.

Value is increased from the position of foreign net buy earlier in the week of Rp 1.78 trillion.

Action continued buying by foreign investors to give positive sentiments on IHSG movement throughout the month of March 2010. Understand it, local investors are bold move to buy massive action after the action of the entire stock of shares by foreign investors.

Sure enough, the action of foreign investors who buy recorded net buy USD 1.93 trillion, followed by the action of local investors bought IHSG successfully carried through to the 2700 level last week.

IHSG closed at 2742.974 on the level of trade March 19, 2010, up 76.463 points (2.86%) compared to the previous week closing at the level of 2666.511 on March 12, 2010.

The same thing happened on the previous trading week. Action by net foreign buying buy Rp 1.78 trillion, successfully raised the level of IHSG 2666.511 on March 12, 2010.

That number increased as much as 87.739 points (3.4%) from the previous week closing at 2578.772 level on March 5, 2010.

In fact, since the beginning of March 2010, total foreign investors buying action recorded net buy of Rp 4.5 trillion. At the close of trade last month that on February 25, 2010, IHSG closed at the level of 2549.033.

That means, within 3 weeks in March 2010, IHSG increase of 193.941 points (7.6%) to the level of 2742.974 on March 19, 2010.

IHSG sharp increase occurred as the actions of foreign investors buying a record net buy USD 4.5 trillion to March 19, 2010.

Not only the stock, foreign investors were recorded to a new investment in Government Bonds (SUN) of Rp 8.07 trillion to March 18, 2010.

The total foreign funds in the SUN reached Rp 128.88 trillion at March 18, 2010, up from last position in February 2010 amounted to Rp 120.81 trillion.