Market Update (May 22, 2017)

(OpisBoi‘s Technocopter) Jakarta Composite Index applaud a new record high at 5,825.21 pts, after S&P raised Indonesia’s sovereign bonds rating from a BBB- to BB+ or entering an investment grade. The Indonesian Benchmark Index surged by 2.59% to 5,791.88 pts, at the closing bell last Friday spurred by Infrastructure (3.54%), Finance (3.45%), Property (2.90%) sectors.

239 shares went north, whilst 102 others were losing their steam and another 120 stocks traded, yet closed in the same price. Foreign Investors posted a net sell at a total of IDR101bn, across the board. As the market booked a total value of IDR 8.38tr, from 88,256,713.00 shares traded last Friday.

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