In line with other Asian stock indices, Indonesia's benchmark Jakarta Composite Index rebounded sharply on Tuesday (17/11), boosted by the performance on Wall Street overnight where the major indices rose more than one percent. Positive sentiments are caused by a big jump in oil prices, while worries about the negative impact of the terrorist attack in Paris proved unfounded. By 11:55 am local Jakarta time, the Jakarta Composite Index was up 1.59 percent to 4,512.64 points. Meanwhile, the Indonesian rupiah had appreciated 0.12 percent to IDR 13,732 per US dollar by the same time (Bloomberg Dollar Index).

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The Indonesia Stock Exchange (IDX) will complete its investigation into the alleged fictitious trading of coal mining firm Sekawan Intipratama's shares later this week. Results will be presented to the Financial Services Authority (OJK). The case led to the one-day suspension of trading activity of three Indonesian brokerages (Danareksa Sekuritas, Reliance Securities, and Millenium Danatama Sekuritas) on Wednesday 11 November on claims that they manipulated the miner's shares. Trading in shares of Sekawan Intipratama has been suspended since 9 November after the firm's shares tumbled 64.68 percent in a two-week period.

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On the first trading day after the terrorist attacks in Paris (leaving 129 people dead and hundreds injured), stocks declined in Asia as investors are cautious. Although markets had one weekend to digest the news, it is still expected that the tragedy in Paris will cause a sharp yet short-term impact on global equity markets. Apart from terrorism, volatile oil prices as well as concern about China's economy and uncertainty about the timing of a US interest rate hike continue to plague markets.

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Across the world, stock indices plunged on persistent concern about lower commodity prices (especially as crude oil dived to a two-month low and may start to flirt with the USD $40 per barrel level again), concern about slowing credit growth in China, while markets are also bracing for a possible US interest rate hike in December (a move that will particularly trigger capital outflows from riskier emerging market assets). This month markets are under severe selling pressure after experiencing a rally in October.

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Asian shares are facing pressures on Friday (13/11) due to lower oil prices and increasing expectation that the US Federal Reserve will raise its key Fed Fund Rate by 25 basis points in December. Resource stocks are dragging down stock indices in Australia, Hong Kong and China by more than one percent. Indonesia's benchmark Jakarta Composite Index, however, is bucking the trend in Asia, having risen 0.51 percent to 4,485.12 points by 10:20 am local Jakarta time amid red indices in Asia. Meanwhile, the US dollar is strengthening against Asian currencies but not as sharply as initially predicted.

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Trading activity of three brokerages - Danareksa Sekuritas, Reliance Securities, and Millenium Danatama Sekuritas - have been reactivated by the Indonesia Stock Exchange on Thursday (12/11). One day earlier, these brokers' trading activity had been suspended on claims that the firms are involved in fictitious trading, worth around IDR 350 billion (approx. USD $26 million), related to shares of publicly-listed coal mining firm Sekawan Intipratama. Allegedly, the three brokers have manipulated the miner's shares.

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Shares in Asia are expected to be under some pressure today as crude oil prices slid 2.9 percent overnight after the American Petroleum Institute released a report that stated US supplies grew unexpectedly by 6.3 million barrels. Other commodity prices were also down after the release of downbeat industrial output data from China on Wednesday. However, with China's positive October retail sales (posting the strongest gain of the year) there are few chances of seeing new massive stimulus from Chinese authorities. As such 'bad news' is no 'good news'.

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Indonesia's benchmark Jakarta Composite Index climbed 0.01 percent to 4,451.59 points on Wednesday (11/11) despite foreign investors recording a net sell of IDR 614.4 billion (approx. USD $45.5 million). Uncertainty persists in the global economy as more macroeconomic data from China signal weaknesses in the world's second-largest economy. Growth in output from China's factories declined to a six-month low in October (missing expectations), following earlier disappointing trade and inflation data. On the other hand, it triggers hope that Beijing will step up stimulus measures.

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Most stock indices in Asia fell on Tuesday's trading day (10/11) on concern that China's stalling economy negatively impacts on the pace of global economic growth, while markets are also bracing for a looming US interest rate hike before the year-end. Moreover, sentiments in Southeast Asia are not positive as the majority of Q3-2015 earnings reports have been unfavorable. Combined, it triggers a flight to safer haven assets. Indonesia's benchmark Jakarta Composite Index fell 1.08 percent to 4,451.05 points.

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Shares in the Asia-Pacific were mixed after opening on Monday (09/11). While, Japanese shares touched a fresh 2.5 month high on a weaker yen and Chinese shares went up (despite disappointing trade data), shares in Indonesia, South Korea and Australia were down. Indonesia's benchmark Jakarta Composite Index fell approximately 0.50 percent after opening on Monday, while the Indonesian rupiah had depreciated 0.83 percent to IDR 13,676 per US dollar by 09:16 am local Jakarta time.

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Although the Indonesia Stock Exchange (IHSG) was moving in the red zone for a while during today's trading day, in the end it recorded a small gain. Most other Asian stock indices, except for Hong Kong's Hang Seng and Shanghai, went up as well. High expectations about continued IHSG-growth, strong corporate results of companies, and continued robust foreign demand for Indonesian stocks pushed the index up.

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A surge in plantation, consumer, infrastructure and financial stocks has pushed the Indonesia Stock Exchange (IHSG) higher up the path of record-breaking highs on Friday, despite mixed Asian stock markets and a weak opening of European stock indices. Moreover, continued reports about good corporate results of listed companies convinced market participants to engage in trading, despite an already overbought market.

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Rising Asian stock markets, particularly a strong Hang Seng (Hong Kong) that opened today after the Chinese new year celebrations, had a positive impact on the Indonesia Stock Exchange (IHSG). As had happened in previous years, the IHSG has the tendency to gain ahead of Valentine's day. Today, market participants received their special Valentine's gift: a new record-high IHSG level of 4601.95, although in the end it had to close a bit lower.

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The upward movement of American and European stock indices yesterday, brought on due to positive internal sentiments in both regions, provided good support for Asian stock markets today. Apart from foreign influences, Asian stock markets were also supported by company reports that showed good corporate results in 2012. As such, the Indonesia Stock Exchange (IHSG) also joined the green wave of Asian stock markets, and set a new record high.

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It seems that the Indonesia Stock Exchange (IHSG) was blessed by the Chinese new year celebrations as it closed higher on Monday than on the previous trading day. This is a better performance than usual on the days around the new year. If we take a look at the period 2008-2012, the IHSG declined three times on the day before new year, and twice on the day after. This year, the IHSG declined on the day before by -0.26% and increased by 0.27 on the day after.

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After rallying for three days to try to end on a new resistance level, the Indonesia Stock Exchange (IHSG) finally had to retreat. As we suspected, the index weakened after its record high. Moreover, American and European indices were weak on Thursday, thus influencing the performance of the IHSG on Friday. Lastly, a number of Asian companies reported weak corporate reports that subsequently impacted on Asian stock indices, including the IHSG.

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After experiencing various sentiments as well as profit taking, the Indonesia Stock Exchange (IHSG) eventually ended higher today than it had closed on Friday. During the trading day, however, it looked like it would end negatively for a while. Mixed Asian stock indices and fears of decline after the IHSG had reached record highs, made the index vulnerable. But due to strong purchases by foreigners and the impact of the positive openings of European stock indices, the IHSG booked a small gain.

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