Congratulations, Mr. Jokowi! Indonesia Will Overtake China…

Jakarta, CNBC Indonesia – Indonesia’s financial markets closed mixed in yesterday’s trading. The Composite Stock Price Index (JCI) managed to strengthen, but the rupiah exchange rate weakened slightly.

Yesterday, the JCI closed at 7,141.04. Up 0.63% compared to the previous day’s close of trading. The 0.63% gain made the JCI the best stock index in Asia.

Trading in the Indonesian stock market is actually lively. Trading volume involved 30.93 billion share units. Much higher than the average throughout 2022, which is 23.44 billion units.

Then the frequency of trade was recorded at 18.87 million times, compared to 16.08 times the 2022 average. Then the trade value was at Rp. 18.87 trillion, quite far above the 2022 average of Rp. 16.08 trillion.

However, foreign investors posted net sales (net sell) IDR 625.52 billion in all markets. Throughout 2022, foreign investors still recorded net purchases (net buy) Rp 69.04 trillion.

Without the support of foreign capital flows, it is difficult for the rupiah to do much. Against the United States (US) dollar, the motherland currency slightly weakened 0.03% in market trading spot. The rupiah was at Rp 14,454/US$ at the close of the market.

However, the performance of the rupiah is not too bad compared to other Asian currencies. The majority of the Yellow Continent’s currency was also subject to greenback. Among the weakening currencies, the depreciation of the rupiah was the thinnest.

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