The benchmark stock index of Indonesia (known as the Jakarta Composite index or IHSG) was able to continue its rise on Monday (02/12), supported by economic data released by Statistics Indonesia. Although Indonesia's November inflation rate (0.12 percent) was slightly higher than previously expected, investors were content with the result. Moreover, Indonesia's October trade balance showed a (limited) surplus of USD $42.2 million, constituting a sharp improvement from the large deficit in the previous month.
Last but not least, the Indonesian rupiah exchange rate appreciated on today's trading day although Bank Indonesia's mid rate only showed a small improvement as it was set before market participants could respond to the economic data that was released by Statistics Indonesia.
The IHSG rose 1.54 percent to 4,321.98 points.