The CSA Index report for October 2024 showed a significant increase in market player optimism, with the index reaching 76.09, up from 61.4 in the previous month. This increase was driven by positive sentiment towards the new government which is expected to issue policies that support market growth. Apart from that, the strengthening of the Rupiah and falling interest rates also contributed to this optimism. Despite global challenges such as declining economic growth in major countries, market players still believe that the JCI can reach the level of 8243 in the next 12 months, with the financial and energy sectors as the main sectors of choice for investment.
Learn More: Capital Sensitivity Analysis Index (CSA Index) October 2024: Optimism Increases Amidst Economic Change