Indonesia's Jakarta Composite Index Climbs 0.12% on Tuesday
Despite sharp rupiah depreciation and generally falling Asian stock indices, the benchmark stock index of Indonesia (Jakarta Composite Index or IHSG) managed to climb 0.12 percent to 4,898.21 points on Tuesday (22/04). Factors that contributed to push the IHSG into green territory were dividend payment announcements and optimism regarding companies' financial performances in the first quarter of 2014. Foreign investors accounted for 34 percent of today’s total trading, recording net buying of IDR 1 trillion (USD $87.7 million).
The Indonesian mining sector performed well rising 1.89 percent with Vale Indonesia gaining 4.5 percent, Timah +9.8 percent, and Adaro Energy +3.6 percent.
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