Stock market this weekend is still influenced by the political situation

Stock market this weekend is still influenced by the political situation before the presidential election, as well as global macroeconomic factors.

At the end of last week, selling pressure on stocks and the Bakrie Group summer political conditions in the country of registration Capres-cawapres cause anjlok index 1.91 percent at 1750.91. "Conditions of the regional exchanges menguat Indonesia GDP announcement and the first quarter of growth above economist estimates, ie, 4.4 percent, not able to save the index of the negative zone," he said.

Throughout last week, moving out of JCI, melorot 5.99 percent to 1862.53 from the opening on Friday, closing at 1750.91. According Purwoko, profit taking after the index made capitalist menguat move in 2 weekends in a row, while external factors, the rising initial jobless claim and weakening retail sales also cause movement of global stock market tends to move out last week.

Compared to other Asian regional exchanges, JCI is still rising more quickly in the bullish rally last 1.5 months.

Meanwhile stock exchanges in the United States, Wall Street last week also terpuruk in the red zone. Throughout last week, Dow Jones Industrial Average melorot 3.6 percent to the position of 8268.64, the index Standard & Poor's 500 decreased 3.4 percent to 882.88 and the Nasdaq composite index terpuruk 5 percent to 1680.14.