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Today's Headlines Jakarta Composite Index

  • Stock Market Update Indonesia: Asian Shares Mixed on Tuesday

    Stock Market Update Indonesia: Asian Shares Mixed on Tuesday

    Asian stocks are mixed on Tuesday morning (16/05). Positive sentiments are brought about by the rising crude oil price and the positive performance of US stocks overnight. However, there is also some concern about the global WannaCry "ransomware" cyber attack that may be linked to North Korea, while the latest data from China confirm that China's growth momentum continues to moderate.

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  • Stock Market Update Asia: Ahok, Moon Jae-in & James Comey

    Stock Market Update Asia: Ahok, Moon Jae-in & James Comey

    Indonesia's benchmark Jakarta Composite Index was slightly in green territory shortly after opening on Wednesday (10/05), seemingly recovering from yesterday's losses when market participants were alarmed by the controversial two-year prison sentence for former Jakarta Governor Basuki Tjahaja Purnama ("Ahok") that was handed by the North Jakarta District Court as the defendant was found guilty of blasphemy. Another matter that impacted negatively on Indonesian stocks was the big drop in global coal prices.

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  • Stock Market Indonesia Update: French Election, Oil Price & US Jobs

    Stock Market Indonesia Update: French Election, Oil Price & US Jobs

    It should be a great day for Indonesia's benchmark Jakarta Composite Index on Monday (08/05). Several factors are pushing Indonesian (as well as Asian and global) stocks further into green territory. Firstly, Emmanuel Macron's victory in the French presidential election removes concern about stability of the European Union (EU). Secondly, strong US jobs data indicate further US economic growth ahead. Thirdly, the crude oil price is showing a steep recovery so far today. Lastly, Japanese stocks - after ending last week's holiday - are surging, hence being a good reference point for other Asian markets.

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  • Indonesia Stock Market Update: Commodities Down, Awaiting GDP

    Indonesia Stock Market Update: Commodities Down, Awaiting GDP

    Stocks are under pressure in Asia on Friday morning (05/05) as metal prices continue to slide, while crude oil prices suffered their lowest close since November 2016 after a near five percent plunge yesterday on concerns of a US oil supply glut with analysts forecasting further losses, hence undermining the Organization of the Petroleum Exporting Countries (OPEC)'s earlier efforts to boost the oil price through production cut agreements (chances of seeing deeper cuts in OPEC nations are slim).

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  • Impact Hawkish Federal Reserve on Stock Markets Across Asia

    Impact Hawkish Federal Reserve on Stock Markets Across Asia

    As widely expected, the Federal Reserve kept its benchmark interest rate unchanged after May's two-day policy meeting that was concluded on Wednesday (03/05). The US central bank also delivered a rather hawkish policy statement, downplaying weak Q1-2017 economic growth and emphasizing the strength of the US labor market. This implies the Fed is still on track for two more rate hikes in the remainder of 2017.

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  • Indonesia Stock Market: High Valuations, S&P Rating Upgrade?

    Indonesia Stock Market: High Valuations, S&P Rating Upgrade?

    Indonesia's benchmark Jakarta Composite Index slipped for the third consecutive day on Tuesday (02/05), unable to follow the general trend in Asian markets. While the overnight rally on Wall Street (the Nasdaq hitting a new all-time high) and easing geopolitical concerns on Korea provided the right context for most Asian stocks to rise, Indonesia failed to follow suit. This was attributed to higher-than-expected inflation. However, we also want to add that valuations of Indonesian stocks are still high, making these stocks "a bit unattractive".

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  • Indonesian Stocks Expected to Rise on French Presidential Election

    Indonesian Stocks Expected to Rise on French Presidential Election

    Asian shares rose on Tuesday morning (25/04), following the strong performance of Wall Street overnight, supported by easing concerns about the stability of the European Union (EU) after French presidential candidate Emmanuel Macron is seen as the clear favorite in the presidential runoff. Macron, a pro-EU centrist, will face Marine Le Pen, an anti-EU nationalist, in the runoff. Due to easing concerns safe haven assets came under pressure, while the euro retained gains. Australia and New Zealand are closed for a public holiday.

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  • Stock Market Update Indonesia: 1.24% Rebound on Friday

    Stock Market Update Indonesia: 1.24% Rebound on Friday

    Indonesian stocks made a remarkable rebound on Friday (21/04). The benchmark Jakarta Composite Index gained 1.24 percent to 5,664.48 points on the last trading day of the week (coming Monday Indonesian markets are closed for the remembrance of the ascension of the Islamic Prophet Muhammad). Meanwhile, the Indonesian rupiah appreciated 0.01 percent to IDR 13,322 per US dollar on Friday (Bloomberg Dollar Index).

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  • Indonesia Stock Exchange Closed, Central Bank Operations Limited

    Indonesia Stock Exchange Closed, Central Bank Operations Limited

    The Indonesia Stock Exchange (IDX) decided to keep its doors closed on Wednesday (19/04) as the people of Jakarta will vote in the second (and final) round of the Jakarta gubernatorial election. Earlier, Indonesian President Joko Widodo had already declared Wednesday 19 April 2017 a public holiday for the citizens in Indonesia's capital city of Jakarta. Meanwhile, Bank Indonesia stated that it will keep operations at a minimum on voting day.

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  • Stock Market Update Indonesia: Down on Geopolitical Concerns

    Stock Market Update Indonesia: Down on Geopolitical Concerns

    Indonesia's benchmark Jakarta Composite Index fell on Friday (07/04), in line with the performance of most Asian stock markets, after the USA attacked a Syrian air base with 59 cruise missiles in the early morning hours. This attack contributed to the "risk-off" sentiments in Asia today (with the exception of the Philippines where stocks rose on expectation of good GDP growth in Q1-2017). Indonesia's benchmark stock index fell 0.47 percent to 5,653.49 points at the week's last trading day.

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Latest Columns Jakarta Composite Index

  • Benchmark Stock Index of Indonesia Jumps 1.30% on Monday

    Despite various negative sentiments, Indonesia's benchmark stock index was able to post a 1.30 percent gain to 4,921.04 points on Monday (07/04). Due to last week's weak March US monthly jobs report, falling indices on Wall Street on Friday (04/04) impacted negatively on Asian indices today. On the domestic side, negative market sentiments were caused by the government's plan to raise royalties for coal miners working under a Mining Business License (IUP) to 10-13.5 percent as well as a luxury tax on cars and telecommunication gadgets.

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  • Positive Domestic Data Support Indonesia's Jakarta Composite Index

    Previously we advised investors to be careful because various economic data that was to be released - both international and domestic - could reveal negative results and thus put great pressure on the benchmark stock index of Indonesia (IHSG or Jakarta Composite Index) on Tuesday (01/04). However, the data, particularly domestic data, were positive and made the IHSG jump 2.22 percent one day after the holiday on Monday (Nyepi or Hindu New Year). Investors used this context to purchase stocks, especially Indonesia's big cap stocks.

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  • Benchmark Indonesia Stock Index and Rupiah Weaken on Thursday

    During most of the day, Indonesia's benchmark stock index (the Jakarta Composite Index or IHSG) moved in the green zone, seemingly unaffected by falling indices on Wall Street on Wednesday (26/03). However, just before the trading day closed  market participants engaged in profit taking causing the 0.11 percent decline of the IHSG to 4,723.06 points. It is difficult to pinpoint the exact reason for this occurrence. Perhaps because Asian indices turned mixed after China's benchmark index fell as China's latest industrial profit growth data were weak.

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  • Jakarta Composite Index down due to Lower US Manufacturing PMI

    Jakarta Composite Index down due to Lower US Manufacturing PMI

    Despite technical indicators suggesting further upward movement of Indonesia's benchmark stock index (known as the Jakarta Composite Index or IHSG), a positive performance of the index was blocked by external factors. Several Asian stock indices were down responding to Markit's lower US manufacturing PMI (slipping to 55.5 from 57.1 in February 2014). Similarly, China and the Eurozone's manufacturing data showed slowing growth. Continued appreciation of the rupiah exchange rate managed to limit the decline of the IHSG.

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  • New Week Starts with Strong Indonesian Rupiah and Climbing IHSG

    At the start of the new week, Indonesia's benchmark stock index (Jakarta Composite Index or IHSG) was able to continue to climb, supported by positive Asian indices. Today, investors took advantage of discounted stocks in Asia as markets had fallen after the Federal Reserve's announcement last week that the quantitative easing program would be wound down further as well as a possible US interest rate hike in 2015 and 2016. However, the IHSG was also vulnerable to profit taking. Therefore, today's gain was limited.

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  • Further US Tapering and Looming Interest Rate Hike Impact on Indonesia

    The US Federal Reserve's plan to increase interest rates is a serious threat to the stock and bonds markets of emerging markets, including Indonesia, in 2014. The higher Fed Fund rate will result in a high cost bonds-climate in Indonesia. The Federal Reserve announced on Wednesday (19/03) that it continues to cut its quantitative easing program (QE3) by USD $10 billion in March 2014 as well as aims for an interest rate hike six months after the 'tapering' has ended. With the current pace, QE3 is expected to end in December 2014.

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  • Indonesia's Jakarta Composite Index Climbs 0.33% on Wednesday

    We expected that Indonesia's Jakarta Composite Index (the country's benchmark stock index also known as IHSG) would continue to weaken on Wednesday's trading day (19/03) but net buying by foreign investors managed to push the index back into green territory. During the first two days of this week, the IHSG fell as euphoria over Joko Widodo's announcement to run for president in the 2014 elections faded. Last week, the market showed that they approve of Widodo as the IHSG climbed 3.23 percent on Friday (14/03).

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  • Indonesia's Stock Index down on Profit Taking as Jokowi Effect has Worn off

    Jakarta Composite Index down on Profit Taking as Jokowi Effect has Worn off

    Previously we were hoping that if global stock indices would turn positive, it could limit the fall of Indonesia's benchmark stock index (Jakarta Composite Index or IHSG) as the 'Jokowi effect' has definately worn off. On Tuesday (18/03), investors continued to engage in profit taking causing the IHSG to plunge 1.45 percent to 4,805.61 points. While most Asian indices were up, influenced by rising indices on Wall Street and in Europe on the previous trading day (17/03), the IHSG deviated sharply from the Asian trend today.

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  • Jakarta Composite Index down due to Profit Taking as Jokowi Effect Weakens

    There were two options with regard to today's trading day (Monday 17 March 2014). First, the Jakarta Composite Index (Indonesia's benchmark stock index also known as IHSG) could rise further after its impressive 3.23 percent jump last Friday (14/03), and secondly, the bullish market could become vulnerable to profit taking as the 'Jokowi effect' tones down and no other factors could trigger positive market sentiments. It turned out to be the second option. Not even sharp rupiah appreciation could push the index in the green zone.

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  • The Jokowi Effect: Indonesia's Financial Markets Gain on Political Certainty

    A shock wave went through Indonesia's financial markets on Friday (14/03) after 15:00 local Jakarta time, when it became known that Joko Widodo (popularly known as Jokowi) is joining the presidential race for the July 2014 election. Moreover, he can count on full support from the Indonesian Democratic Party of Struggle (PDI-P), one of Indonesia's largest political parties, led by chairwoman Megawati Soekarnoputri. Few people doubt that Jokowi - current Governor of Jakarta - will be elected as the next president of Indonesia.

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