Though positive news came, the stock market’s gain has been limited in past weeks. The rupiah also hovers around Rp13,000 against the U.S. dollar. Foreign investors opt to realise gains in local stocks. On Wednesday (Oct 26), foreign investors booked net sell of Rp1.15 trillion, cutting year-to-date net buy to Rp33.03 trillion. Does this mean that the market is overpriced at the current level? To subscribe please click here
