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Jakarta Post

Political stability, reforms to bring improvements to stock market

  • Riska Rahman

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, January 2, 2020   /  11:11 am
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A trading floor of Indonesia Stock Exchange (IDX) building.(JP/Wienda Parwitasari)

Market players are hoping that 2020 will be a much better year for the domestic capital market, particularly the stock market, as Indonesia’s political landscape is expected to stabilize and companies seek to enjoy higher earnings growth. The year 2019 was relatively tough for the Indonesian stock market as investors’ appetite was largely turned off by uncertainties around legislative and presidential elections held in April. A prolonged trade spat between the world’s economic giants, the United States and China, further worsened the situation as trade volume dropped, leading to a global economic slowdown. But after Indonesia’s political situation began to stabilize and the US and China struck a “phase one” trade deal late last year, market players are more hopeful entering 2020. Analysts are upbeat that the Indonesia Stock Exchange’s (I...