Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
Indonesia Investments Report - October 2020 Edition: Introduction Omnibus Law
19 October 2020 (closed)
USD/IDR (14,766) +6.00 +0.04%
EUR/IDR (17,281) -60.88 -0.35%
Jakarta Composite Index (5,126.33) +22.92 +0.45%
Indonesia Stock Market Up 0.44% Despite Negative Market Sentiments
The movement of Indonesia's benchmark stock index (known as IHSG or Jakarta Composite Index) on today's trading day (20/01) was rather volatile. Investors returned to the market after the fall of the index was limited at the end of last week. However, China's slowing economic growth in the fourth quarter of 2013 (7.7 percent) brought negative market sentiments. Still, foreign investors were net buyers of Indonesian stocks today and in combination with an appreciating rupiah exchange rate, the index rose 0.44 percent to 4,431.57 points.
Asian stock indices were mostly down on Monday as they followed Wall Street which fell after the release of disappointing building permits and industrial production. Moreover, China's slowing economic growth (7.7 percent in Q4-2013, or the slowest pace in 14 years) contributed to negative sentiments. Lastly, Japan's low industrial production was not well-received by investors.
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