Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesian stocks record narrow losses as OJK, IDX prepare crisis measures

  • Made Anthony Iswara, Adrian Wail Akhlas and Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Fri, February 28, 2020   /  09:38 pm
The Jakarta Post Image
Visitors take pictures of the Indonesia Stock Exchange (IDX) trading board in Jakarta on Monday, Dec. 30, 2019. (JP/Dhoni Setiawan)

Indonesian stocks recorded narrow losses on Friday after plummeting more than 4 percent earlier in the day amid global fears of a coronavirus pandemic. The Jakarta Composite Index (JCI), the main gauge of the Indonesia Stock Exchange (IDX), fell as much as 4.47 percent to 5,288.37, a level unseen since December 2016, during Friday’s intraday session before slowly rebounding to end the trading day at 5,452.7, 1.5 percent down from the previous close. It was an extension of its 2.69 percent loss the previous day, as spooked investors dumped stocks across Asia. Foreign investors recorded net sales of Rp 17.21 billion (US$1.2 million) on Friday, taking the total net sales this year to Rp 4.72 trillion, IDX data shows. “We’re not the worst. This is a global phenomenon caused by the extraordinary panic over the novel coronavirus [outbreak],” IDX president direc...