Despite being - technically - overbought, the Jakarta Composite Index (Indonesia's benchmark stock index also known as the IHSG) continued its upward trend on Wednesday (19/02). Moreover, as market sentiments have turned less positive due to data from Europe and the USA (causing European and American indices to slow down) as well as a depreciating rupiah exchange rate, there was a sincere risk of a weakening IHSG today. However, contrary to our expectations, the IHSG rose 0.80 percent to 4,592.65 points.
16 January 2022 (closed)
Jakarta Composite Index (6,693.40) +35.04 +0.53%
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%