In 2016 listed companies on the Indonesia Stock Exchange have a more expansive attitude compared to the preceding year, reflected by plans to raise capital expenditure. Plans for business expansion are supported by Indonesia's expected accelerating GDP growth in 2016, people's improving purchasing power, government-led infrastructure development (that should cause a multiplier-effect in the Indonesian economy), and the economic reforms that are set in the series of economic stimulus packages that have been released by the Indonesian government since September 2015.

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Ahead of central bank meetings in the USA and Japan, and amid a volatile performance of crude oil prices the benchmark stock index of Indonesia (Jakarta Composite Index) fell 1.33 percent to 4,814.09 points on Tuesday (26/04), leading losses among Asian indices. The Federal Reserve's two-day FOMC meeting, scheduled to start today, is making investors cautious as this meeting may give some clues about the possibility of a June Fed Fund Rate hike. Overall, the performance of Asian stock markets was rather mixed on Tuesday. This performance was also attributed to weak cues from Wall Street and Europe overnight.

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Asian stocks did not have a good start of the week. Most Asian stocks fell on Monday (25/04) in line with retreating oil prices, concerns that the US Federal Reserve may be hinting at further monetary tightening in its upcoming policy meeting, as well as concerns about China's debt and commodities markets. It all resulted in curbed demand for higher-yielding yet riskier Asian assets. Indonesia's benchmark Jakarta Composite Index fell 0.73 percent to 4,878.86 points, while the Indonesian rupiah depreciated 0.04 percent to IDR 13,199 per US dollar (Bloomberg Dollar Index).

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Stock markets in Asia are plagued by the failure to see an 'oil freeze deal' reached at OPEC's oil talks in Doha over the weekend. Saudi Arabia announced it will not curtail its oil production as long as other oil producing countries do not curtail production as well. It specifically wants its geopolitical rival Iran to join the production freeze. However, Iran decided not to join the meeting and ruled out any output cuts after recently rejoining the international oil market (due to the lifting of sanctions). Iran indicated it is not cut any output before its oil production reaches the pre-sanction level.

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Most stocks in Asia were higher on Wednesday (13/04) supported by positive trade data from China and heightened expectation of an "oil output freeze deal" at the OPEC meeting coming Sunday in Doha. Indonesia's benchmark Jakarta Composite Index rose 0.49 percent to 4,853.00 points, a modest result compared with Japan's Nikkei 225 Index (+2.84 percent), Singapore's Strait Times Index (+2.69 percent), and China's Shanghai Composite Index (+1.42 percent).

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Stocks in Asia were mostly up on Tuesday (12/04) supported by the weaker Japanese yen (retreating after a seven-day rally again the US dollar) and rising commodity prices (with crude oil touching a 2016 high at USD $43 per barrel after the US dollar weakened). Indonesia's benchmark Jakarta Composite Index rose 0.89 percent to 4,829.57 points, while the rupiah appreciated 0.14 percent to IDR 13,115 per US dollar (Bloomberg Dollar Index). Several analysts claim that the positive performance of Indonesian assets was also due to the government's plan to cut the corporate income tax to 20 percent and raise the non-taxable personal income tax by 50 percent.

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Despite last week's rallying oil prices, rising stocks on Wall Street and in Europe, as well as expectation of a more gradual increase in US interest rates, Indonesia's benchmark stock index (Jakarta Composite Index) plunged 1.23 percent on Monday (11/04). Overall, the performance of Asian stock markets was mixed reflected by stock trading in the two big economies of China and Japan. Whereas Japanese stocks fell due to the stronger yen (touching a new 17-month high against the US dollar), Chinese stocks climbed on easing worries about deflationary pressures (after China's March CPI inflation remained flat at 2.3 percent y/y).

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Most emerging market stocks and currencies strengthened today as markets responded positively to Federal Reserve Chairwoman Janet Yellen's dovish statements overnight. Based on her words, the Federal Reserve is not expected to undertake another US interest rate hike soon as the US economy remains fragile amid sluggish global economic growth. As a result Indonesia's benchmark Jakarta Composite Index climbed 0.74 percent, while the Indonesian rupiah appreciated 1.04 percent to IDR 13,256 per US dollar (Bloomberg Dollar Index).

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In line with the performance of most emerging stock markets and currencies, Indonesian stocks and the rupiah were under pressure on Monday (28/03). The Jakarta Composite Index fell 1.11 percent, while the Indonesian rupiah depreciated 0.73 percent to IDR 13,343 per US dollar (Bloomberg Dollar Index). This performance is caused by rising speculation that the US Federal Reserve could hike its key Fed Fund Rate as early as April. Several Fed officials have made hawkish comments, while the upward revised 1.4 percent GDP growth of the US economy in Q4-2015 may show that the US is strong enough to cope with another rate hike.

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Asian stocks were mixed after opening on the first trading day of the new week. Energy stocks are mostly down due to another retreat in global oil prices. Oil prices continued Friday's slide due to ongoing concern over excessive supply after last week's US rig count grew for the first time since December 2015. This implies pressure on "commodity-driven" assets, which includes Indonesian stocks and the rupiah. The Indonesian rupiah had depreciated 0.27 percent to IDR 13,152 per US dollar (Bloomberg Dollar Index), while the benchmark Jakarta Composite Index was down 0.07 percent by 09:15 am local Jakarta time.

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Most stock markets and currencies in Southeast Asia weakened on Friday (29/05), including Indonesia’s benchmark Jakarta Composite Index and the rupiah. The Jakarta Composite Index fell 0.40 percent to 5,216.38 points, while the rupiah depreciated 0.01 percent to IDR 13,224 per US dollar according to the Bloomberg Dollar Index. Over the past week, Indonesian stocks and the rupiah weakened primarily due to the Greek debt crisis, looming higher US interest rates and the lack of positive domestic factors.

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Sejalan dengan indeks lain di Asia, saham Indonesia naik pada hari Selasa (26/05). Indeks Harga Saham Gabungan (IHSG) naik 0,62% menjadi 5.320,90 poin. Sentimen-sentimen positif tidak berasal dari Amerika Serikat (AS) karena pasar saham AS ditutup kemarin karena hari libur namun terutama berasal dari Republik Rakyat Tionghoa (RRT) yang badan perencanaan perekonomiannya mengumumkan akan mengimplementasikan sejumlah kebijakan baru dalam usaha mendongkrak perekonomian yang lambat. Kendati begitu, rupiah melemah 0,25% menjadi Rp 13.220 per dollar AS berdasarkan Bloomberg Dollar Index.

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Although most emerging market stocks fell, Indonesian stocks and the rupiah showed a solid performance on Thursday (21/05). The rupiah appreciated 0.40 percent to IDR 13,122 per US dollar according to the Bloomberg Dollar Index, while the benchmark stock index of Indonesia (Jakarta Composite Index) rose 0.39 percent to 5,313.21 points. Most emerging stocks fell due to weak data from China (despite a series of stimulus). However, Indonesian stocks were supported by news about its credit rating and dividend announcements.

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For a good portion of this year, the stock market in Indonesia has been met with selling pressure. There is a reasonable basis for this, as we have seen some disappointments in corporate earnings that have led some of the biggest names in the country to trade lower. But there are external events at work, as well. And some of these factors might not be readily apparent to many regional investors. One of these is the sovereign debt situation in the Eurozone.

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Pasar saham di Indonesia telah menjadi sangat tidak stabil dalam minggu-minggu terakhir, dan ini telah membuat banyak investor menduga-duga apakah rally yang dimulai pada Oktober lalu masih dapat bertahan dan bisa dilanjutkan. Minggu lalu, MSCI Indonesia Index (yang diperdagangkan dengan simbol saham EIDO) mengalami kejatuhan besar - dari posisi yang jauh di atas batas 6.500 menjadi di bawah batas 6.000. Dari perspektif persentase, gerakan seperti ini bisa menyebabkan kerugian yang signifikan untuk mereka yang membeli saham-saham Indonesia saat harganya masih ada pada level tingkat atas.

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Menjelang penerbitan angka pertumbuhan resmi proyek domestik bruto (PDB) Indonesia di kuartal 1 (dijadwalkan untuk diterbitkan di minggu pertama), saham-saham Indonesia dan rupiah melemah terhadap dollar Amerika Serikat (AS) akibat lemahnya sentimen pasar yang telah membebani pasar selama seminggu terakhir. Terlebih lagi, pendapatan perusahaan blue chip di kuartal 1 yang dilaporkan lebih rendah dari dugaan membuat para pelaku pasar kuatir bahwa perlambatan perekonomian telah berlanjut di kuartal 1 tahun 2015.

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After being in negative territory for quite a while, the benchmark stock index of Indonesia (Jakarta Composite Index) finished 0.13 percent higher at the end of the trading day. In line with the major stock indices in the Asia-Pacific region, Indonesia’s main index climbed although gains were limited as investors are concerned about failed discussions between the Greek government and its creditors in the Eurozone. However, positive sentiments were still felt due to capital injections in Indonesian state-owned companies.

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The Indonesian rupiah exchange rate appreciated and Indonesian stocks rose on Wednesday (04/02) on the back of rallying oil prices, a successful bond auction, easing tensions in Europe, and weak US factory orders. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.21 percent to IDR 12,630 per US dollar on Wednesday (04/03). Meanwhile, the benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) climbed 0.45 percent to 5,315.28 points.

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Both Indonesia’s rupiah exchange rate and stocks strengthened on Tuesday (27/01) as concerns about Greece exiting the Eurozone somewhat eased while the positive market sentiments that were caused by the European Central Bank’s recently unfolded quantitative easing program are still felt. Indonesia’s benchmark stock index (Jakarta Composite Index) gained 0.33 percent to 5,277.15 points, while the rupiah appreciated 0.31 percent to IDR 12,469 per US dollar based on the Bloomberg Dollar Index.

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Indonesian stocks hit a record high on Thursday (22/01). Most emerging Asian stocks and currencies strengthened on increased speculation that the European Central Bank (ECB) is to launch a massive bond-buying program (which was confirmed later on the day after Asian markets had closed), a move aimed at boosting inflation in the Eurozone and which puts pressure on euro-denominated assets. The euro had depreciated 1.67 percent against the US dollar by 11:20 ET on Thursday based on Bloomberg data.

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