Domestic investors opted to selling local stocks on Tuesday (May 9) in response to the verdict of the Panel of Judges of North Jakarta District Court over the Governor of Jakarta Basuki “Ahok” Tjahaja Purnama, who was found guilty of blasphemy. Foreign investors, however, continued buying local stocks as they booked a net buy of Rp679.1 billion, bringing year-to-date net buy to Rp26.19 trillion. Foreign investors might have their own rationale about the development of Indonesian politics.
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