The Market in Indonesia went volatile and worsened in the past week. Last week (third week of the month), the composite index of the Indonesia Stock Exchange (IDX) fell 1.18% to 5,170 (on Friday last week). Mining stocks led the market correction, falling 8.46%, followed by property stocks (-2.48%), and trade & services (-2.52%). The rupiah also weakened further to Rp13,408 against the U.S. dollar on Friday. Foreign investors booked net sell of Rp3.16 trillion last week. On Friday, they booked net sell of Rp128.2 billion, cutting year-to-date net buy to Rp25.3 trillion.To subscribe please click here
