Tag: Astra International

Market Rallies

Indonesian stocks surged further on Wednesday (Dec 28). The composite index of the Indonesia Stock Exchange (IDX) gained 2.09% to close at 5,209, effectively ending a nine-day losing streak for Indonesian stocks. It peaked at 5,470 on Nov. 8 this year. Meanwhile, the rupiah weakened to Rp13,447 against the U.S. dollar on Wednesday.

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Stronger Automotive Sales

Like cement, August was also a great month for automotive industry. According to Indonesian Automotive Association (Gaikindo), car sales in the month reached 96,294 units, an increase of 6.3% from the corresponding month last year, lifting sales in the first eight months of 2016 by 2.88%.

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