As I stated before, mixed sentiments continue to influence the performance of Indonesia's main stock index (IHSG). During Thursday's trading day (01/08), the index moved sideways. News that the Federal Reserve intends to continue its bond-buying program made a good impact. However, this positive sentiment was offset by the release of Indonesia's high July inflation rate as well as the country's continued trade deficit. At the end of the day, the IHSG managed to post a gain as it received support from rising stock indices in Asia.
26 February 2020 (closed)
USD/IDR (14,234) +216.00 +1.54%
EUR/IDR (15,641) +350.19 +2.29%
Jakarta Composite Index (5,688.92) -98.22 -1.70%