How Indonesian Stocks and the Rupiah Performed on Friday
The benchmark Jakarta Composite Index rose 0.13 percent to 5,360.77 points on Friday (03/02), while the Indonesian rupiah appreciated 0.06 percent to IDR 13,343 per US dollar (Bloomberg Dollar Index). This slight growth was in line with the performance of most global stock markets on Friday after Wall Street ended little changed on the preceding trading day.
Of the total 576 listed companies on the Indonesia Stock Exchange (IDX), 149 shares rose, 154 shares fell, 106 shares were flat, while the remaining 167 shares did not show any activity.
Foreign investors posted a net buy (IDR 347.2 billion) on the Indonesia Stock Exchange on Friday as concern about Donald Trump's new political and economic policies stabilized (immigration policy, protectionism, and US relations with Mexico, Australia and Iran), while concern about a looming Fed Funds Rate hike eased. There is also optimism about the positive corporate earnings reports of companies listed on the Indonesia Stock Exchange. Over the next couple of weeks we expect to see an increasing amount of FY-2016 financial reports.
Read more: FY-2016 Corporate Earnings Reports Indonesian Companies
Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) appreciated 0.09 percent to IDR 13,362 per US dollar on Friday (03/02).
Indonesian Rupiah vs US dollar (JISDOR):| Source: Bank Indonesia
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