On the last day of the week (07/03), Indonesia's benchmark stock index (Jakarta Composite Index or IHSG) fell 0.04 percent to 4,685.89 points as market participants engaged in profit taking (cashing in on the recent strong performance of the IHSG) amid resurging concerns about the situation in Ukraine. On the other hand, losses were limited as investors are upbeat about the improved outlook for the global economy. US data were good as the number of people who filed for unemployment benefits fell to the lowest level in three months.

Read more ›

The Indonesian rupiah exchange rate continued its good performance on Friday (07/03) as it had appreciated 0.49 percent to IDR 11,425 per US dollar at 14:22 local Jakarta time based on the Bloomberg Dollar Index. The currency rose for a fifth consecutive week. Main reasons for this good performance are the improving global economy as well as the improving economy of Indonesia. Foreign funds are again entering Indonesia as investors have renewed confidence in Southeast Asia's largest economy.

Read more ›