Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
USD/IDR (14,446) -14.00 -0.10%
EUR/IDR (16,385) +81.74 +0.50%
Jakarta Composite Index (5,052.79) -23.38 -0.46%
Indonesia's main stock index (IHSG) went up 0.46 percent to 4,602.81 on Friday (05/07). The index followed the general trend in Asia, where most stock indices rose. Of all 473 listed companies on the Indonesia stock exchange (IDX), 102 rose, 140 weakened, and 113 did not move. Foreign investors are still withdrawing their money from the IHSG. Today, foreigners recorded a net sale of IDR 260.7 billion (USD $26 million). Basic industry and consumption were the sectors that provided most support for the IHSG.
Trade volume was not high and seems to indicate that investors lack a reference point as Wall Street was closed yesterday due to Independence Day. Moreover, investors are waiting for some important data from the United States. Later today it will be announced how many new jobs, excluding the agriculture sector, were created in the USA in June. The positive or negative outcome of this number may have an impact on the Federal Reserve's stance towards its quantitative easing program.
European indices, which rose sharply yesterday due to Mario Draghi's statement that the Eurozone's interest rate will be kept low for a while by the European Central Bank, also did not show any large movements on Friday for similar reasons.