Indonesia's Benchmark Stock Index Falls 5.58% amid Heavy Concerns
Indonesian stocks took a large dive on today's trading day (19/08) at the Indonesia Stock Exchange. The IHSG (the index of all listed stocks) fell 5.58 percent to 4,313.52 points as negative market sentiments caused foreign investors to pull money out of the Indonesian market. Investors are highly concerned about a number of macroeconomic data that have been released recently. These data indicated the slowest economic growth since Q3-2010, inflation at a four-year high and a widening trade deficit.
All sectoral indices weakened today. The three worst performing sectors were basic industry (-7.46 percent), construction (-6.38 percent) and finance (-6.34 percent).
For a more detailed analysis regarding the issues that have caused this weak performance today, we refer you to David Sutyanto's latest column.