Update COVID-19 in Indonesia: 64,958 confirmed infections, 3,241 deaths (6 July 2020)
6 July 2020 (closed)
USD/IDR (14,460) +4.00 +0.03%
EUR/IDR (16,303) -52.60 -0.32%
Jakarta Composite Index (4,988.87) +15.07 +0.30%
Indonesia's main stock index (IHSG) fell 3.68 percent to 4,433.63 on Monday's trading day (08/07). This current level is the lowest level of the IHSG since 26 June 2013. Of the 473 listed companies, 263 were down, 21 were up and the remainder did not move. Most Asian indices fell due to concerns about China's credit crisis that may impact on the country's economic growth and that the positive US employment report will affect continuation of the Federal Reserve's quantitative easing program. The MSCI Asia Pacific Index fell 1.6 percent.
Shares of Indonesian banks, particularly, showed a bad performance today. Bank Mandiri, Indonesia’s largest financial institution by assets, fell 7.36 percent. Bank Rakyat Indonesia, the country's second largest lender by assets, lost 5.81 percent. Lastly, Bank Central Asia, Indonesia’s largest lender by market value, weakened 4.21 percent. These three banks are all in the top ten of largest Indonesian companies in terms of market capitalization.
Stock indices in Europe opened mostly up and seem to be influenced by the higher closings on Wall Street last Friday (05/07).