Stock indices experienced a solid performance last week. In particular Indonesia's main stock index (IHSG) was up. Although Standards & Poor's downgrade of Indonesia's debt outlook has made many foreign investors decide to sell part of their Indonesian stock portfolios (last week about IDR 960 billion of foreign funds left the IHSG), the index did not fall. On the contrary, it reached a new record high level. So why did the index not fall? There are a number of reasons that explain this situation.
Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
19 October 2020 (closed)
USD/IDR (14,729) -12.00 -0.08%
EUR/IDR (17,333) +66.96 +0.39%
Jakarta Composite Index (5,126.33) +22.92 +0.45%