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“The Indonesian Market: Jumbo Dividend Season and Positive Sentiments for Today’s Trading”


Newsletter

Robertus AndriantoCNBC Indonesia

Market

Thursday, 06/04/2023 06:00 WIB




Photo: Employees pass beside an electronic screen that shows the movement of the Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange, Jakarta, Tuesday (11/10/2022). (CNBC Indonesia/Andrean Kristianto)


  • JCI and the rupiah compactly weakened in yesterday’s trading amid investors’ fears about the US economy
  • Investors began to switch to defensive stocks causing the Nasdaq to collapse due to unstable economic conditions
  • The season for distributing jumbo coal dividends starts with ITMG which distributes a final dividend of IDR 6,416/share with profit growth of up to 156% in 2022.

Jakarta, CNBC IndonesiaIndonesia’s financial market compactly weakened in yesterday’s trading, where the stock market collapsed and the rupiah exchange rate lost after strengthening for six consecutive days.

The Indonesian financial market is expected to improve today, supported by a number of positive sentiments. Read more about today’s market driving sentiment on page 3.

Referring to Refinitiv data, on Wednesday trading (5/4/2023) the Composite Stock Price Index (IHSG) fell 0.20% to 6,819.67 on a daily basis.




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