Update COVID-19 in Indonesia: 22,750 confirmed infections, 1,391 deaths (25 May 2020)
25 May 2020 (closed)
USD/IDR (14,785) +0.00 +0.00%
EUR/IDR (16,173) +0.00 +0.00%
Jakarta Composite Index (4,545.95) -2.70 -0.06%
Rising Asian stock indices from the start of the week have supported Indonesia's main stock index (IHSG) to follow suit on Tuesday (13/08). Despite mixed markets in the United States and Europe, the IHSG grew 1.19 percent to 4,652.40 points. Japan's Nikkei index, which weakened seriously after the country's disappointing Q2 GDP result, rebounded and had a positive impact on the IHSG. Lastly, positive European openings made sure the IHSG would stay in the green zone.
Yesterday (12/08) was remarkable because investors were hunting stocks in Indonesia's mining sector. Today, however, it were consumer and manufacturer stocks that were popular among investors. Trade volume rose, while total value of transactions fell. Foreign investors were mostly selling their Indonesian assets, while domestic investors recorded a net buy.
Asian stock indices were up, including Japan's Nikkei. Despite lower machinery orders (MoM), Japan's main index rose because the Yen weakened again against the US dollar. China's indices were also up as the Trade Ministry and several other agencies are preparing detailed steps to enhance trade.