The government has to help to improve JCI
JAKARTA. The Indonesian government has to play its role in restoring the performance of the Jakarta Composite Index (JCI) which has fallen by 9.69% since early 2020.
Rizky Hidayat, Investment Specialist at Schroders Indonesia, said that at present, the stock market needs some positive sentiment.
Hidayat admitted that the valuation of shares in the Indonesian capital market is quite attractive at this time. However, the capital market still needs support from the government, especially with a number of negative sentiments such as the coronavirus and the Jiwasraya scandal.
"Our view for the stock market is still neutral," Hidayat said as quoted by Kontan on Wednesday (26/2) today. (KR/AR)