These authoritative quick counts (including Indikator Politik Indonesia, Radio Republik Indonesia and Lingkaran Survei Indonesia) show a tight yet sufficient lead for Jokowi of about five percentage points (whereas these quick counts have a margin of error of less than two percent). However, it should be noted that these quick counts are unofficial and people will have to wait for 22 July to hear the official result. In case of a dispute (if one camp does not acknowledge the official outcome of the KPU), then the Constitutional Court of Indonesia will have to decide on the matter. This will take up to August 2014 before the final judgement has been made.

Confusion increased yesterday as both presidential candidates (Joko Widodo and Prabowo Subianto) declared a victory based on outcomes of different quick counts. However, markets seem confident about a Widodo win.

Joko Widodo, popularly known as Jokowi, is the clear market favourite due to his reform-minded nature, clean record of corruption and pro-people attitude. According to many, Jokowi offers a future to Southeast Asia’s largest economy instead of a past, such as rival presidential candidate Prabowo Subianto. Subianto, a former army general during the authoritarian Suharto regime (Suharto was Subianto’s father-in-law), is controversial because he has been linked to human rights violations and comes from a highly corrupted background (the inner Suharto circle who had been able to establish huge business empires due to their loyalty and closeness to president Suharto).

The benchmark stock index of Indonesia (Jakarta Composite Index) had risen 2.04 percent to 5,127.21 points by 12:11 pm local Jakarta time, thus approaching its all-time record high level. Meanwhile, the Indonesian rupiah exchange rate had appreciated 0.61 percent to IDR 11,555 per US dollar (Bloomberg Dollar Index) by the same time on Thursday (10/07).

Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) appreciated 1.25 percent to IDR 11,549 against the US dollar:

Indonesian Rupiah vs US Dollar (JISDOR):

| Source: Bank Indonesia

Quick Count results Indonesian Presidential Election 2014:

Indikator Politik
Lingkaran Survei
Litbang Kompas CSIS-Cyrus
Populi Center
Prabowo Subianto
    47.06%      46.72%     47.66%    48.10%     46.63%   49.05%
Joko Widodo JokowiWidodo     52.94%      53.28%     52.34%    51.90%     53.37%   50.95%


Saiful Mujani Research Center
Radio Republik Indonesia Puskaptis Indonesia Research Center
Lembaga Survei Nasional Jaringan Suara Indonesia
Prabowo Subianto
    47.03%    47.38%  52.05%     51.11%    50.19%     50.16%
Joko Widodo JokowiWidodo     52.97%    52.62%  47.95%     48.89%    49.81%     49.84%

Source: Investor Daily