Most of the day, the index moved sideways in the green zone. However, at the end of the trading day, the Jakarta Composite Index had fallen 0.05 percent to 4,876.19 points.


Asian stock indices were mixed on Monday. China was up on government's plan to widen the transportation networks and infrastructure in the cities. However, political tensions in Ukraine (after the disputed referendum in which almost all people voted for split from Ukraine) rose between the West and Russia.

The Indonesian rupiah exchange rate appreciated sharply today as it felt the impact of the 'Jokowi effect'. This led to capital inflows as market participants believe that - if Joko Widodo (popularly known as Jokowi) will become president of Indonesia in the July 2014 election - he will focus on infrastructure, construction and healthcare.

| Source: Bank Indonesia


Further Reading:

Jokowi Candidate for Indonesian Presidency; Markets React Positively
The Jokowi Effect: Indonesia's Financial Markets Gain on Political Certainty
Bank Indonesia Keeps Benchmark Interest Rate (BI Rate) at 7.50% in March

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