The Moment of Truth: Indonesian Market Performance and Outlook

• The Indonesian financial market posted an impressive performance last week
• Expectations of a softening by the Fed and improving global economic projections support the performance of the JCI, rupiah and SBN
• The Indonesian financial market today is expected to remain positive in line with the green Wall Street and market optimism

Jakarta, CNBC Indonesia – Indonesia’s financial market recovered last week after collapsing the previous week.

The Indonesian financial market is also expected to continue its positive trend today, Monday (12/6/3/2023). You can read more about today’s market moving sentiment in this article on pages 3 and 4.

In the last trading week last Friday (9/6/2023), the Composite Stock Price Index (IHSG) strengthened 0.42% to 6,694.02.
Overall, JCI strengthened 0.92% in the week. This strengthening broke the bad record of the Indonesian stock market during the previous four weeks.
The total shares that changed hands exceeded 89.5 billion with a transaction value of Rp. 47.2 trillion last week.