Indonesia's IDX Composite Index (IHSG) closed at 4,907.57 at the end of the week (March 13).
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The Jakarta Composite Index (JCI) rebounded at the close of trading on Friday, March 13th. The JCI rose 0.24% to 4,907.51 from the previous day's close. This increase was driven by the government's second stimulus package aimed at minimizing the impact of Covid-19 on the domestic economy.
This stimulus will focus on the production sector, particularly the manufacturing sector. In addition, the US Federal Reserve is offering a massive liquidity injection into the financial markets. Meanwhile, the JCI is still down 22.1% year-to-date in 2020.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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