Alfred said the JCI’s movement in August would depend on the result of gross domestic product growth in the second quarter of the year.“The index would likely weaken this month within the range of 4,800 to 5,100,” he said.Should the economy manage to rebound in the third and fourth quarters of this year, the JCI could conclude its trade at 5,600 this year. Meanwhile, Jasa Capital Utama analyst Chris Apriliony expects the JCI to continue moving sideways throughout the month of August, fluctuating between 5,050 and 5,116.“The JCI is likely to continue its decline until mid-August as a response to the contracting economic growth,” he said via text message.Topics : The Jakarta Composite Index (JCI) fell more than 2 percent on Monday after three months of a strong performance following the global stock market crash in March.The Indonesia Stock Exchange’s (IDX) main gauge concluded its trade on Monday at 5,006.22, 2.78 percent lower than Friday’s posting. The drop was consistent throughout the day and even touched its lowest level of 4,928 on the day, a level unseen in the past month.Foreign investors sold a total of Rp 1.48 trillion (US$100.31 million) worth of Indonesian shares on Monday’s selling spree. About 401 stocks were closed in the red during the day as several stocks like those of property developer PT Summarecon Agung and paper manufacturer PT Pabrik Kertas Tjiwi Kimia recorded drops of 6.67 percent. Koneksi Kapital analyst Alfred Nainggolan said that the JCI’s steep drop was caused by market players’ anticipation of second quarter numbers, which would be announced by Statistics Indonesia (BPS) on Aug. 5.“The market is preparing for the worst-case scenario as many market players expect that our economic growth will bottom out in the second quarter,” he told The Jakarta Post.The government expects the country’s economic growth to contract to 3.5 to 5.1 percent in the second quarter of the year as large-scale social restrictions (PSBB) were applied in areas heavily affected by COVID-19 to curb the spread of the virus.The measures limited economic activities as local administrations forced offices and non-essential businesses to close for about three months.
Libya’s National Oil Corporation (NOC) has diverted fuel tanker vessels from Al-Zawiya to Tripoli after an armed attack by gunmen on its Al-Zawiya oil storage depot on Monday, September 18.NOC said that due to the attack by an “armed militia”, the Line 16 from Al-Zawiya to Tripoli was forced to stop pumping.“The NOC response is designed to ensure that adequate petroleum products are available in Tripoli and that supplies of gasoline to Greater Tripoli and the Western Mountain cities are maintained,” the oil company said.NOC added that it would pursue legal measures against “the blockaders”, noting that no concessions will be made.Libya has been engulfed in military conflicts since the 2011 uprising, which sprung the creation of two opposing governments that have been fighting to gain control of the country’s oil infrastructure.One of most recent episodes of military conflict saw the two opposing forces fight to gain control over the country’s oil ports.Namely, in March, East Libyan forces managed to regain control of two major oil ports, Es Sidra and Ras Lanuf, from the Benghazi Defence Brigades (BDB).In May 2017, representatives of the Tripoli-based and Beyda governments reached a deal to allow for the continuation of oil shipments from the country’s Marsa El Hariga port.The key argument for closing the deal was to “avoid damage to pipelines, avert a financial crisis, and ensure power supplies are not interrupted further,” Reuters sources said.
Desiree Sue McCartney, 2, Osgood, Indiana, passed away on Saturday, May 6, 2017 at the Children’s Hospital in Cincinnati, Ohio. Born May 17, 2014 in Columbus, Indiana, she was the daughter of Gary E. McCartney II and Christina L. (Barker) McCartney. Desiree was a happy, loving child. She enjoyed dancing and singing at church and especially loved the movie “Frozen” and the character Elsa from the movie. She is survived by her parents, Gary McCartney II, Columbus, Christina McCartney, Osgood; grandfather, Gary E. McCartney, Greensburg; grandmother, Anita Barker, Dupont; one brother, Nickalas; two sisters, Abigail and Rebecca; several Aunts, Uncles, nieces, nephews. and cousins. She was preceded in death by grandparents, Karen Sue McCartney and Ricky Barker. Visitation will be held on Thursday from 4 to 6:00 p.m. at the Porter-Oliger-Pearson Funeral Home in Greensburg. Funeral Services will be held at 6:00 p.m. on Thursday, May 11, 2017 at the funeral home with Rev. Stephen Culp officiating. Memorials may be made to the family through the funeral home. Online condolences can be made to the family at www.popfuneralhome.com
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