JAKARTA, Aug. 14 (Xinhua) -- The composite index of the Indonesian Stock Exchange (IDX) set a new record high on Thursday.
During intraday trading, the index climbed to an all-time high of 7,973.98 points. It eventually closed at 7,931.25, up 38.34 points, or 0.49 percent, from the previous day, marking the highest closing level in history.
"The point is, if the index reaches 8,000, or even if it is not yet 8,000, it reflects optimism and investors' confidence. So it is a gift from investors to Indonesia," said Jeffrey Hendrik, director of development at IDX.
Blue-chip stocks and shares owned by major conglomerates continued to be the main drivers of the market rally. Most sectors advanced, led by notable gains in technology, energy, and utilities. However, property and finance shares saw mild corrections. ■
