Lite
Interest Rate Effects and Trade Surplus Boost IHSG, Up 1.31% in a Week
Sorry, an error has occurred
For now, this data cannot be displayed. We are trying to fix it.
Back to Home- A Small
- A Medium
- A Bigger
The Jakarta Composite Index (JCI) closed the week up 1.31% to 6,456.54 points on Friday (July 19th), remaining in positive territory. This increase was driven by the announcement of Indonesia's trade surplus of US$200 million in June 2019 and Bank Indonesia's 25 bps cut in its benchmark interest rate to 5.75%.
Bank Indonesia's decision boosted investor optimism, leading to the JCI's surge. However, the JCI's gains were largely supported by domestic investors. Foreign investors recorded net sales of Rp 689.78 billion across all markets during the week. The market capitalization of the Indonesia Stock Exchange (IDX) reached Rp 7,425.39 trillion as of July 19, 2019.
(Read Databoks: [Market Players Saturated, JCI Stagnant for a Week])
"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."
Related Data
Latest Data Stories
