During Thursday's trading day, the IHSG reached its highest level (4,656.13) at the start of session one and its lowest level (4,617.57) halfway session two. In the end, it stood at 4,632.40, a 0.04 percent loss. Trade volume and total value of transactions declined with foreign investors mostly buying and domestic investors mostly selling their Indonesian assets.

The IDR rupiah rebounded slightly after investors responded to an increase in France's Business Survey and the Price Producer Index of Germany. A sharp fall in U.K.'s jobless claims also gave a positive stimulus. But the pace of the Indonesian rupiah was blocked by negative sentiments resulting from the Federal Open Market Committee's (FOMC) statement that it is concerned about the effects of more monetary stimulus of the Federal Reserve (Fed). Moreover, various Fed officials want to stop the bond buying program. Lower manufacturing data in a number of European countries impacted on the Euro.

When writing this column, European stock markets weakened due to the FOMC's support to limit stimulus from the Fed and the lower manufacturing data throughout Europe. American stock markets are expected to be mixed later today with a downward trend if published economic data will not match market expectations. These data include jobless claims, monthly and annual inflation and Manufacturing Purchasing Managers' Index (PMI).


Top Movers – Thursday 21 February 2013

  Company    Change  
• Lionmesh Prima                      
   19.29%
• Lion Metal Works
   10.17%
• Leo Investments      9.47%
• Sat Nusapersada      7.14%
  Company    Change
• Centris Multipersada Pratama 
   24.78%   
• Century Textile Industry    20.00%   
• Bank Mayapada Internasional    16.90% 
• ATPK Resources 
   14.74%

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