Business · Markets · 1 hr ago

Indonesia’s Main Stock Index Fell 7.03% in a Week

Indonesia’s Main Stock Index Fell 7.03% in a Week

Indonesia’s IHSG fell 7.03% in five trading days ending Oct.

30, closing Friday at 5,057.050.

The index, which tracks shares listed in Indonesia, rose on only one day that week.

Foreign investors made Rp4.20 trillion in net sales across the market, though they were net buyers in negotiated and cash transactions.

Telkom and Bank Mandiri led the foreign selling, with net sales of Rp1.2 trillion and Rp1.1 trillion, respectively.

Foreign investors also sold shares in eight other companies, including Bank Rakyat Indonesia, Aneka Tambang and Indosat.

The broad selling coincided with the sharp weekly decline, but no further market developments are stated.

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