Several Indonesian large cap stocks were popular on today’s trading day and managed to support the index. These included Unilever Indonesia, Indocement Tunggal Prakarsa, United Tractors, Astra International and Semen Indonesia.

Asian stock indices were mixed with a declining trend as investors responded to the World Bank’s latest global economic growth outlook. The Washington-based institution cut its global economic growth forecast because of the weaker outlooks for the economies of the USA, Russia and China, as well as the geopolitical tensions between Russia and Ukraine which triggered worldwide concerns. Chinese stock indices were hit most by this release.

The Indonesian rupiah exchange rate rebounded back into positive territory ahead of the central bank’s Board of Governor’s Meeting (scheduled for Thursday 12 June 2014). As the central bank has already indicated that its benchmark interest rate (BI rate) will be maintained at 7.50 percent, market participants reacted slightly positive.

| Source: Bank Indonesia