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View all search resultsIDX remains calm amid Omicron threat
The main Indonesian stock index clawed back some of Friday’s losses on Monday, defying the downward trend seen in other stock indices.
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Workers repair signage on the Indonesia Stock Exchange (IDX) building in Jakarta on Feb. 12, 2020. (JP/Wendra Ajistyatama)
T
he Indonesia Stock Exchange (IDX) Composite remained calm on Monday amid the looming threat of the newly found COVID-19 variant of concern Omicron.
The index, the main gauge of the local bourse, closed at 6,608.29 points on Monday, marking an increase of 0.71 percent from the previous close. Shortly after trading started, the index momentarily slid 0.81 percent from the previous close to 6,490.37.
Of all publicly listed companies, 222 saw their share prices go up, 345 down and the other 107 stagnate.
Transactions on Monday reached Rp 15.27 trillion (US$1.07 million), down 6.61 percent from the previous trading day.
The gains in the IDX come after the World Health Organization advised governments to put in place mitigation plans, as Omicron posed a very high global risk.
The Indonesian government has placed a travel ban on foreigners who have been in South Africa, Botswana, Namibia, Zimbabwe, Lesotho, Mozambique, Eswatini, Malawi, Angola, Zambia or Hong Kong within two weeks before departing for Indonesia.
Read also: Indonesia imposes travel ban over Omicron threat. But experts say more needs to be done
