Amid Falling Asian Indices, Jakarta Composite Index (IHSG) Rises 0.75%
Amid falling Asian stock indices, Indonesia's benchmark stock index (the IHSG or Jakarta Composite Index) managed to gain 33.8 points to 4,546.50 (+0.75 percent) on Wednesday (23/10). The main reason for today's upward movement was large-scale stock purchases by domestic investors, who are more confident now after it has been expected that the Federal Reserve will not tone down its massive bond-buying program (quantitative easing) in the near future. A few blue chips, including Bank Mandiri and Unilever, were popular stocks today.
Not unimportantly, foreign investors also recorded a net purchase of Indonesian stocks.
| Source: Bank Indonesia
The Indonesian rupiah exchange rate continued yesterday's appreciation against the US dollar on Wednesday (23/10).
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