Despite profit taking and the mixed opening of European stock markets (which temporarily blocked the IHSG's pace), Indonesia's main index ended on 4,612.05, a 0.05 percent increase. It reached its highest level (4,630.40) at the start of session one and its lowest level (4,602.47) just before pre-closing. Trade volume and total value of transactions declined with foreign investors mostly buying, and domestic investors mostly selling their Indonesian assets.

The IDR rupiah gained slightly amid concerns regarding the weakening of the Japanese yen. But its gain was limited as the G20 countries did not ventilate harsh criticism against Japan's monetary policy. The strengthening of the US dollar was also caused by the statement of Martin Weale, governor of the Bank of England (BOE), who supports a weaker Pound sterling. The Eurozone's current account data - albeit recording a rise - has not made an impact yet as it is still lower than the previous period. It thus impacted positive on the US dollar.

Asian stock indices were mixed today with a rising trend, except for the Hang Seng and Shanghai, after all involved sides at the G20 meeting refrained from harsh criticism against the weak yen. Hang Seng and Shanghai went downwards after it was reported that retail sales during the Chinese new year period grew slowly.

When writing this column, European stock markets were mixed with a declining trend, in particular the metal industry. Currently, investors are probably cautious ahead of elections in Italy and the speech of the president of the European Central Bank (ECB). American stock markets are estimated to weaken later today due to profit taking-pressures after the Dow Jones Industrial Average reached its highest level in years and the negative response of market participants towards the lower sales figures of Wal Mart Stores Inc.

Top Movers – Monday 18 February 2013

  Company   Change  
Bumi Resources
• Lamicitra Nusantara     8.70%
• Asuransi Bina Dana Arta     7.69%
• Bank Mega     6.87%
  Company   Change
• Citra Kebun Raya Agri
• Radiant Utama Interinsco   10.64%   
• Pikko Land Development   10.14%
• Leyand International   10.00%