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INDONESIA: Country Wrap: Foreigners Flee Indonesian Stocks.

INDONESIA
  • Foreigners Flee Indonesian Stocks as Strong Dollar Dents Appeal (source: BBG)
  • Ex-President Jokowi’s Son-in-Law Wins Governor Vote in Indonesia (source: BBG)
  • Indonesia’s Jakarta composite is finishing the month with a whimper, down -1.15% to finish around 6% lower in a month where the Central Bank were on hold.
  • IDR :  has tried to keep in positive territory today up +0.12% and whilst down -0.50% for the month, outperformed many of its ASEAN peers.
  • Bonds are finishing mixed across the curve in what looks to be a typical month end effect with the front end higher by 2bp and intermediate maturities lower in yield. The 10-year government bond is at 6.91%hp, higher by 12bps for the month.
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  • Foreigners Flee Indonesian Stocks as Strong Dollar Dents Appeal (source: BBG)
  • Ex-President Jokowi’s Son-in-Law Wins Governor Vote in Indonesia (source: BBG)
  • Indonesia’s Jakarta composite is finishing the month with a whimper, down -1.15% to finish around 6% lower in a month where the Central Bank were on hold.
  • IDR :  has tried to keep in positive territory today up +0.12% and whilst down -0.50% for the month, outperformed many of its ASEAN peers.
  • Bonds are finishing mixed across the curve in what looks to be a typical month end effect with the front end higher by 2bp and intermediate maturities lower in yield. The 10-year government bond is at 6.91%hp, higher by 12bps for the month.