TheJakartaPost
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The Jakarta Post
The local bourse has failed to conclude its last trading day of 2019 on a bullish note as it closed a year of unstable domestic political conditions and global economic uncertainty. The Jakarta Composite Index (JCI), Indonesia Stock Exchange’s (IDX) main gauge, closed Monday at 6,299.54 points, down 0.47 percent from Friday. Over the full year of 2019, the index gained a modest 1.7 percent, not nearly enough to make up for the 2.54 percent contraction recorded in 2018. Still, Finance Minister Sri Mulyani Indrawati, who attended the closing ceremony on behalf of President Joko “Jokowi” Widodo, lauded the achievement. “This year has not been so kind to us, so this achievement was achieved through extra effort from all stakeholders,” she said during the IDX closing ceremony in Jakarta. The mediocre performance of the stock market index reflects a sl...
