The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) rose 0.37 percent to 5,184.48 on Thursday’s trading day (28/08) on increased expectation that the transition from the Susilo Bambang Yudhoyono (SBY) government to the Joko “Jokowi” Widodo government will be smooth and efficient evidenced by the pair's meeting in Bali to discuss various matters regarding the transfer of power. For investors, this meeting led to increased optimism. Stocks in the property and miscellaneous sectors led the gain.
11 November 2019 (closed)
USD/IDR (14,020) -20.00 -0.14%
EUR/IDR (15,494) -36.15 -0.23%
Jakarta Composite Index (6,148.74) -29.25 -0.47%
Indonesia Investments' Stock Market Update section contains a daily analysis regarding the performance of the Indonesia Stock Exchange (Bursa Efek Indonesia, abbreviated BEI). Our updates discuss the underlying factors - both national and international - that influence the performance of the Indonesian stock market. The indicator that is discussed most in these columns is the Indeks Harga Saham Gabungan (IHSG). This IHSG is an index of all listed stocks and thus forms the main indicator of the BEI.
This section has been discontinued. Daily updates on the performance of the Jakarta Composite Index (Indonesia Stock Exchange) are now presented in our Today's Headlines section.
The benchmark stock index of Indonesia (known as the Jakarta Composite Index, abbreviated IHSG) rose 0.36 percent to 5,162.25 points on Wednesday (27/08), effectively ending a three- day losing streak as positive US economic data and increased speculation that the Indonesian government will tackle the fuel subsidy issue. Meanwhile, the Indonesian rupiah exchange rate appreciated 0.22 percent to IDR 11,682 per US dollar based on the Bloomberg Dollar Index, particularly on high hopes that Indonesia’s fuel subsidies will be reduced.
The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) fell 0.14 percent to 5,198.90 points on the last trading day of the week, the first day of decline in five trading days, as investors engaged in profit taking after Indonesia’s Constitutional Court confirmed the official election result of the General Elections Commission (KPU) that announced Joko Widodo as winner of the July 2014 presidential election. Next week investors may continue profit taking as the index is still overbought.
Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) climbed 0.31 percent to 5,206.14 points on Thursday's trading (21/08) on speculation that Indonesia’s Constitutional Court will reject defeated presidential candidate Prabowo Subianto’s claim that the official July 2014 presidential result is illegal due to massive violations. Although the Court is still reading out the verdict, it has already indicated that evidence for violations is incomplete and unconvincing. Therefore, a Court decision that calls for revoting has become unlikely.
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