After having plummeted about 7 percent over the course of seven trading days, Indonesia’s benchmark Jakarta Composite Index rebounded directly after opening on Monday (04/05). At 10:41 am local Jakarta time, the index had surged 1.30 percent to 5,152.95 points. As Indonesian stocks are generally ‘oversold’ they have become attractive to investors. Moreover, most US and European stock indices ended higher at the end of last week hence providing more fuel for Indonesian stocks to rebound today.

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Indonesian stocks continued to fall today (30/04). After the first trading session, Indonesia’s benchmark Jakarta Composite Index fell 0.11 percent to 5,099.83 points. The index was negatively affected by yesterday’s weakening stock indices in the USA and Europe. These indices experienced a correction due to mixed signals stemming from the latest US Federal Reserve’s FOMC meeting. Contrary to its March policy statement, the Fed did not rule out hiking rates at the next meeting. However, it also downgraded the US growth outlook.

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) is again plagued by selling pressures on Wednesday’s trading day (29/04). After today’s first trading session the index was down 2.58 percent to 5,106.73 points. The decline is caused by the persistence of the negative sentiments that have been felt over the past couple of days (explained below) coupled with a discrepancy in economic growth forecasts between the Indonesian government and the country’s central bank (Bank Indonesia).

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Most Southeast Asian stock markets declined ahead of the two-day policy meeting of the US Federal Reserve which started today (28/04). Indonesia’s benchmark Jakarta Composite Index (IHSG) managed to limit losses. After the 3.49 percent fall yesterday, the IHSG was down 1 percent after the first trading session today. However, near the closure of the market the index improved markedly resulting in a small loss of 0.06 percent only. Due to severe losses over the past couple of trading sessions, some oversold blue chip shares became attractive.

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Indonesian stocks continue to fall on today’s trading day (28/04). After having declined 3.49 percent yesterday, the benchmark Jakarta Composite Index fell a further 1.00 percent during the first trading session on Tuesday. Investors, particularly foreign ones, are still concerned about weak first quarter financial results of listed Indonesian companies, signalling that the country’s economic growth in Q1-2015 will be disappointing too. Furthermore, the market is waiting for results of the Federal Reserve’s two-day policy meeting which is set to start today.

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The benchmark stock index of Indonesia - Jakarta Composite Index (IHSG) - fell sharply on Monday (27/04) amid mixed regional stock markets. Three main factors caused the weak performance of Indonesian stocks. Firstly, several key companies posted weak first quarter corporate earnings. Secondly, Indonesia’s economic growth in the first quarter may fall below 5 percent (y/y), which would be a six-year low. Lastly, Indonesia is getting bad press around the globe due to imminent executions of convicted foreign drug traffickers.

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Indonesian stocks fell sharply after the market opened on Monday (27/04). Indonesia’s benchmark Jakarta Composite Index had dropped 2.61 percent to 5,293.73 points by 12:00 local Jakarta time. This poor performance is most likely due to market participants wait & see attitude before the release of Indonesia’s Q1-2015 GDP growth figure (to be released at the start of May) and the release of Indonesian companies’ Q1-2015 financial earnings reports. Moreover, Indonesia will soon execute several foreign convicted drug traffickers.

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Indonesian stocks and the rupiah are performing well on Monday’s trading day (06/04) after weak US economic data suggests that the US central bank (Federal Reserve) will still refrain from raising its key interest rate too soon. Weaker-than-expected US jobs data caused that most Southeast Asian stock markets strengthened today. Moreover, the rupiah also felt the positive impact. According to the Bloomberg Dollar Index, the rupiah had appreciated 0.54 percent to IDR 12,950 per US dollar by 15:17 pm local Jakarta time.

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Indonesian stocks continued to climb strongly after the market opened on Tuesday (31/03). The country’s benchmark Jakarta Composite Index (IHSG) surged nearly one percent. Several external and internal factors are at play here. Firstly, the US Federal Reserve indicated over the past week that it may not raise its key interest rate too soon, leading to investors’ appetite for emerging market assets. Secondly, Chinese policymakers provided room for increased infrastructure spending and monetary stimulus.

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Whereas the Indonesian rupiah is depreciating on Monday’s trading day (30/03), Indonesian stocks climb significantly. At 14:15 pm local Jakarta time, the benchmark stock index (Jakarta Composite Index) had gained 0.93 percent to 5,444.27 points. In line with other Asian markets, Indonesia’s stock index felt the positive impact of Fed Chief Janet Yellen’s statements on Friday (27/03). Yellen indicated in a speech in San Francisco that it is riskier to raise US interest rates too fast than to raise them too slowly.

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Asian stock indices were up on Thursday (27/06) after economic growth of the United States in Q1-2013 was lower than expected. Paradoxically, this had a positive effect on global stock indices as speculation arose that the disappointing growth rate would convince the Federal Reserve to continue its quantitative easing program. It also had a good affect on Indonesia's main stock index (IHSG), which gained 1.92 percent and ended at 4,675.75. The index was well on its way to close a gap (at 4,743-4,801) but was blocked by mixed European openings.

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It has been a long time since we have reported a good day at the Indonesia Stock Exchange (IDX). But finally on Wednesday (26/06) Indonesia's main stock index (IHSG) made a great jump upwards, supported by American and European stock indices that were up on Tuesday (25/06) due to positive economic data from the United States. Investors used this positive context to engage in stock trading. Moreover, Indonesia's stocks are currently - technically speaking - cheap and thus attractive.

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The main stock index of Indonesia (IHSG) fell 0.24 percent to 4,418.87 on Tuesday (25/06) as foreign investors continued to sell parts of their Indonesian stock portfolios. In fact, after selling USD $68 million worth of stocks on Tuesday, foreign investors have now sold more stocks than they bought in 2013. From its record high of 5,214 on 20 May 2013, the IHSG has now fallen 15 percent. After the speech of Ben Bernanke one week ago (19/06), investors have been pulling out money from emerging markets, including Indonesia.

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Apparently the stormy and dark clouds above the Indonesia Stock Exchange (IDX) are still present. Most foreign investors continued to sell their Indonesian assets, resulting in another day of losses for the main stock index of Indonesia (IHSG). Not even clarity about the price hike of subsidized fuel could ease investors' minds (fuel prices were increased last Saturday after months of speculation). For the last two weeks negative sentiments have coloured the stock exchange and profit taking has been the result.

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Similar to the Jakarta Great Sale event, Indonesia's main stock index (IHSG) trades its stocks at low prices as foreign investors have sold large parts of their Indonesian stock assets in recent weeks. Last week, foreign investors sold IDR 4.9 trillion (about USD $492.4 million), meaning that this year's accumulated foreign net buying has evaporated. Will these sales continue? Yes, I think so. Foreigners have invested about IDR 144 trillion in Indonesia's capital markets between 2007 and Q1-2013. As such, there is still plenty to sell.

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On Friday's trading day (21/06), Indonesia's main stock index (IHSG) was still under the spell of the unrest that emerged because of Ben Bernanke's announcement of a possible stop to the Federal Reserve's quantitative easing program in 2014. Moreover, weak manufacturing data from China also continued to cause negative market sentiments. The IHSG fell 2.48 percent to 4,515.37, its lowest closing since 11 February 2013. Foreign investors sold about USD $228 million more stocks than they bought.

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Concerns about an ending to the Federal Reserve's quantitative easing program and falling industrial activity in China as well as China's credit crisis made many investors decide to sell assets on stock markets around the world on Thursday (20/06). Indonesia's main stock index (IHSG) was just one of the many victims of this global unrest. The index weakened 3.68 percent to 4,629.99 points as foreign investors mostly sold their Indonesian assets, resulting in significant lowered share prices of Indonesia's big cap companies.

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On Wednesday (19/06), Indonesia's main stock index (IHSG) posted a 0.70 percent fall to the level of 4,806.66 points as foreign investors continued to sell more Indonesian stocks than they bought. Moreover, the IHSG did not receive any support from the Asian region, where most stock indices weakened. Similar to Europe and the United States, Asian markets were eagerly waiting for results of the meeting of the Federal Reserve on Wednesday evening and thus mostly refrained from trading during the day.

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Despite mixed Asian stock indices because of negative news from China and Japan, certainty about the increase in the price of Indonesia’s subsidized fuel after the plenary meeting of the House of Representatives (DPR) on Monday (17/06) formed a pillar of support for Indonesia’s main stock index (IHSG) on Tuesday’s trading day (18/06). Investors took the opportunity to buy stocks, particularly Indonesia’s big cap stocks, after these had experienced significant falls last week due to profit taking actions amid an uncertain market.

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Multipolar Technology, an information technology company and the wholly owned subsidiary of Multipolar, seeks to reap funds between IDR 160 and 188 billion (USD $16.2 to $19.0 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) to finance its expansion plans. The company will offer 375 million shares, or 20 percent of its stock capital, to the public for a price between IDR 425 and 500 per share. Multipolar Technology provides IT hardware and infrastructure, software and business solutions, and consultancy services.

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