Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
USD/IDR (14,501) +55.01 +0.38%
EUR/IDR (16,343) -41.31 -0.25%
Jakarta Composite Index (5,052.79) -23.38 -0.46%
Despite foreign investors recording a net buy on the Jakarta Composite Index on Thursday (31/10), a depreciating rupiah as well as falling stock indices across Asia made investors concerned. Thus, the benchmark index of Indonesia followed the pace of other Asian indices and ended on 4,510.63 points (a 1.40 percent fall). The outcome of the Federal Reserve's FOMC meeting did not support the rupiah. On the contrary, the rupiah fell after the Fed stated to continue quantitative easing but that the tapering may start sooner than expected.
With the exception of Telekomunikasi Indonesia, Indonesia's blue chip stocks showed a weak performance today. Unilever Indonesia (-4.00 percent), Astra International (-3.62 percent) as well as Bank Central Asia (-2.34 percent) were hit hardest. Astra International's net profit during the first nine months of 2013 fell 8 percent year-on-year (yoy), while both Unilever Indonesia and Bank Central Asia recorded an increase in net profit of 11 percent and 25 percent respectively (yoy). Another big company that saw its share price fall significantly today was Indofood Sukses Makmur. Its stock fell 4.32 percent after the company's net profit plunged almost 25 percent (yoy) in the first three quarters of 2013.