Below is a list with tagged columns and company profiles.

Today's Headlines IHSG

  • After Unofficial Jokowi Win, Euphoria on Indonesian Markets Starts to Wane

    After a trading week that was characterized by high gains in the stock and financial markets on optimism that Joko Widodo (Jokowi) will become the next president of Indonesia, both the Indonesian rupiah exchange rate and benchmark Jakarta Composite Index fell today (11/07). This seems an obvious sign that the euphoria about a Jokowi win has waned and investors are looking again to the true economic fundamentals of Southeast Asia’s largest economy. By 13:00 pm local Jakarta time, the Jakarta Composite Index had fallen 1.66 percent.

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  • Why Indonesian Stocks and the Rupiah Continue to Decline on Tuesday?

    One day after the official announcement that two pairs will compete in the presidential election (9 July 2014), the benchmark stock index of Indonesia (Jakarta Composite Index or IHSG) and the Indonesian rupiah exchange rate are still in a state of decline. Although yesterday (19/05) the rupiah and IHSG strengthened considerably prior and shortly after Joko "Jokowi" Widodo declared that Jusuf Kalla would be his running mate (the vice-presidential candidate) in the election, markets have been selling Indonesian assets since Monday afternoon.

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  • PDI-P Declares Coalition & Jokowi's Candidacy; Rupiah and Stocks Surge

    Both the Indonesian rupiah exchange rate and the country's benchmark stock index (known as the Jakarta Composite Index or IHSG) have strengthened significantly on Wednesday's trading day (14/05). The rupiah appreciated 0.76 percent to IDR 11,450 per US dollar by 15:00 local Jakarta time according to the Bloomberg Dollar Index. Meanwhile, the IHSG gained 1.09 percent to 4,975.13 by the same time. Main reason for this strong performance is the official declaration of the PDI-P to form a coalition with NasDem and PKB.

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  • Indonesian Rupiah and Stocks Plunge after 2014 Legislative Election Result

    Investors were not happy to see the parliamentary election result of Indonesia on Wednesday (09/04). The fragmented outcome implies continued political uncertainty toward the July 2014 presidential election. None of the Indonesian political parties were able to secure a majority in the legislative election, meaning it will be more difficult to pursue a clear and steady political course over the next five years. The PDI-P, which was forecast to secure an impressive victory on the 'Jokowi effect', was unable to record a large victory.

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  • World's Most Popular and Unpopular Stock Investment Targets in Q1-2014

    As the first quarter of 2014 ended last week, it is interesting to take a quick look at which countries were the most popular and unpopular investment targets of international investors in terms of stock trading. Indonesia has been 'hot' so far in 2014, with both its benchmark stock index and the rupiah strengthening considerably. Not far after Indonesia come the indices of Vietnam and Portugal. But the winners of the first quarter were Dubai and Bulgary where the benchmark stock indices gained 32.3 percent and 22.2 percent respectively in Q1-2014.

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  • Indonesia's Rupiah and Stocks Plunge on Fed Tapering and US Interest Rates

    The Indonesian rupiah exchange rate and benchmark stock index (IHSG or Jakarta Composite Index) both plunged severely after the US Federal Reserve announced on Wednesday (19/03) to cut another USD $10 billion from its bond-buying program (quantitative easing). Moreover, speculation arose that US interest rates may increase in 2015 (the US central bank had kept interest rates close to zero for over five years to stimulate economic growth). It led to tumbling stocks, bonds and currencies across Asia on Thursday (20/03).

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  • Rally of Rupiah and Jakarta Composite Index Paused by Profit Taking

    The Indonesian rupiah exchange rate depreciated 0.14 percent to IDR 11,665 per US dollar on Tuesday (25/02) based on the Bloomberg Dollar Index. The currency's depreciation was due to US dollar demand from Indonesian importers while offshore funds engaged in profit taking as the rupiah is the best performer in February 2014 among 31 major currencies tracked by Bloomberg (against both the euro and US dollar). The rupiah is also the best-performing Asian currency this year so far.

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  • Market Waiting for Today's Release of Indonesia's Inflation and Trade Balance

    Today (03/02), Statistics Indonesia (BPS) will release a number of macroeconomic data which are eagerly awaited for by market participants. Most importantly, Indonesia's January 2014 inflation rate and the December 2013 trade balance. These data will have an impact on the performance of Indonesia's rupiah exchange rate and the country's benchmark stock index (IHSG). Monthly inflation in January is expected to range between 0.8 and 1.0 percent, while a trade surplus of about USD $800 million in December is forecast.

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  • Indonesian Stocks and Rupiah Down after Further Tapering Announcement

    Indonesian stocks and the country's currency feel the negative impact of the further winding down of the Federal Reserve's bond-buying program (quantitative easing). Yesterday (29/01), it was announced that the Fed will cut the bond-buying program by USD $10 billion to USD $65 billion per month. Among market participants concern emerged about the stability of emerging economies amid the tapering as capital outflows are expected. After opening, the benchmark stock index of Indonesia (IHSG) immediately fell more than 1 percent.

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  • Fed Cuts Stimulus Program Again; Indonesia's Rupiah and IHSG May Fall

    On Wednesday (29/01), the Federal Reserve (Fed) announced to cut its massive bond-buying program (quantitative easing, QE) by another USD $10 billion after the FOMC meeting, while maintaining interest rates close to zero. Originally, the Fed's QE program, implemented in September 2012, totalled USD $85 billion per month but after the cuts in December 2013 and January 2014, it is now wound down to USD $65 billion per month and if the pace of tapering continues, the program might be over by the end of 2014.

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Latest Columns IHSG

  • Stocks and Rupiah Update Indonesia: A Vicious Downward Spiral?

    Stocks and Rupiah Update Indonesia: A Vicious Downward Spiral?

    Both Indonesian stocks and the rupiah continued to slide on Thursday (04/06) and seem to be caught in a vicious downward spiral brought about by both domestic and international factors. Indonesia’s benchmark stock index (Jakarta Composite Index) fell 0.68 percent to close at a five-week low of 5,095.82 points, while the rupiah depreciated 0.39 percent to IDR 13,281 per US dollar (Bloomberg Dollar Index), a level last seen in the late 1990s when the country was plagued by the Asian Financial Crisis.

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  • Stocks & Rupiah Indonesia: Inflation and US GDP Cause Mixed Performance

    Stocks & Rupiah Indonesia: Inflation and US GDP Cause Mixed Performance

    On the first trading day of the new week, both Indonesian stocks and the rupiah moved more-or-less sideways. Generally, indices in Southeast Asia were mixed as positive external sentiments were offset by local negative sentiments. In the case of Indonesia, negative local sentiments stemmed from the higher-than-estimated inflation figure in May and continued contraction of the manufacturing industry. Positive market sentiments stemmed from the USA where GDP growth was revised to minus 0.7 percent in Q1-2015.

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  • Stocks & Rupiah Indonesia Update: Weak Performance Past Week

    Stocks & Rupiah Indonesia Update: Weak Performance Past Week

    Most stock markets and currencies in Southeast Asia weakened on Friday (29/05), including Indonesia’s benchmark Jakarta Composite Index and the rupiah. The Jakarta Composite Index fell 0.40 percent to 5,216.38 points, while the rupiah depreciated 0.01 percent to IDR 13,224 per US dollar according to the Bloomberg Dollar Index. Over the past week, Indonesian stocks and the rupiah weakened primarily due to the Greek debt crisis, looming higher US interest rates and the lack of positive domestic factors.

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  • Market Update Indonesia: Why Stocks Rose but the Rupiah Weakened?

    Market Update Indonesia: Why Stocks Rose but the Rupiah Weakened?

    In line with other Asian indices, Indonesian stocks rose on Tuesday (26/05). The benchmark Jakarta Composite Index rose 0.62 percent to 5,320.90 points. Positive sentiments did not originate from the USA as US stock markets were closed for a holiday yesterday but primarily stemmed from China where the economic planning agency announced to implement several new policies in a bid to boost the sluggish economy. The rupiah, however, depreciated 0.25 percent to IDR 13,220 per US dollar based on the Bloomberg Dollar Index.

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  • Indonesian Stocks & Rupiah: Gaining on S&P Rating Outlook Upgrade

    Indonesian Stocks & Rupiah: Gaining on S&P Rating Outlook Upgrade

    Although most emerging market stocks fell, Indonesian stocks and the rupiah showed a solid performance on Thursday (21/05). The rupiah appreciated 0.40 percent to IDR 13,122 per US dollar according to the Bloomberg Dollar Index, while the benchmark stock index of Indonesia (Jakarta Composite Index) rose 0.39 percent to 5,313.21 points. Most emerging stocks fell due to weak data from China (despite a series of stimulus). However, Indonesian stocks were supported by news about its credit rating and dividend announcements.

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  • How Will Global Uncertainties Impact Indonesian Markets?

    How Will Global Uncertainties Impact Indonesian Markets?

    For a good portion of this year, the stock market in Indonesia has been met with selling pressure. There is a reasonable basis for this, as we have seen some disappointments in corporate earnings that have led some of the biggest names in the country to trade lower. But there are external events at work, as well. And some of these factors might not be readily apparent to many regional investors. One of these is the sovereign debt situation in the Eurozone.

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  • Jakarta Composite Index: What is Next for Indonesian Stocks?

    Jakarta Composite Index: What is Next for Indonesian Stocks?

    Stock markets in Indonesia have been particularly volatile in recent weeks, and this has left many investors wondering about whether or not the rally that started last October is still viable and ready to continue. Last month, the MSCI Indonesia Index (which trades under the stock symbol EIDO) took a large drop - from well above the 6,500 mark to below 6,000. From a percentage perspective, a move like this can generate significant losses for those that bought into Indonesian stocks while they were still at elevated levels.

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  • Indonesian Stocks Climb on Capital Injections in State-Owned Companies

    Indonesian Stocks Climb on Capital Injections in State-Owned Companies

    After being in negative territory for quite a while, the benchmark stock index of Indonesia (Jakarta Composite Index) finished 0.13 percent higher at the end of the trading day. In line with the major stock indices in the Asia-Pacific region, Indonesia’s main index climbed although gains were limited as investors are concerned about failed discussions between the Greek government and its creditors in the Eurozone. However, positive sentiments were still felt due to capital injections in Indonesian state-owned companies.

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  • Update Indonesian Rupiah & Stocks: Why they Strengthened Today

    Update Indonesian Rupiah & Stocks: Why they Strengthened Today

    The Indonesian rupiah exchange rate appreciated and Indonesian stocks rose on Wednesday (04/02) on the back of rallying oil prices, a successful bond auction, easing tensions in Europe, and weak US factory orders. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.21 percent to IDR 12,630 per US dollar on Wednesday (04/03). Meanwhile, the benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) climbed 0.45 percent to 5,315.28 points.

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  • Stock Market Indonesia Update: Up but Downward Pressures Remain

    Stock Market Indonesia Update: Up but Downward Pressures Remain

    As several Asian stock indices rebounded on Wednesday (07/01) Indonesia’s benchmark Jakarta Composite Index (IHSG) was able to rise as well. Investors purchased Indonesian blue chips which were considered relatively cheap after two days of decline. However, this may be speculative (short-term) buying as there are still no real domestic or foreign factors that can provide structural support. As such, there is a real possibility that Indonesia’s benchmark index will be back into red territory tomorrow.

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