Blue Chip Banking Shares Prop Index

VIVAnews - The improvement in blue chip banking shares maintain the index in the Indonesia Stock Exchange (IDX) at the positive zone on mid-day trade closing on Tuesday, May 26. 

The index slightly earned 2.35 points (0.12 percent) at 1,893.32 compared to the trade opening of 1,894.36.

According to stock market analyst Ukie Jaya Mahendra, the positive movement of banking shares was due to the projected cut in the BI Rate, and is estimated to bring the index to gain in today's trade closing.

"Profit taking over Bakrie group's shares had caused the index to record low," he told VIVAnews, May 26.

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Translated by: Bonardo Maulana Wahono