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Jakarta Post

Shares set to recover after free-fall last week

  • Riska Rahman

    The Jakarta Post

Jakarta   /   Mon, March 16 2020   /  12:33 am

After losing more than 16 percent last week, prices of shares listed on the Indonesia Stock Exchange (IDX) are expected to recover slightly this week as analysts believe government efforts to stimulate economic activity will reduce the impact of the coronavirus outbreak.BCA Sekuritas equity analyst Achmad Yaki said he believed the introduction of the stimulus measures would ease selling pressure, although the general mood among traders remained bearish.“From Indonesia, we will have trade balance data on exports and imports on Monday and the result of the Bank Indonesia [BI] board of governors meeting next week,” he told The Jakarta Post via text message on Friday. He expressed hope that new data and the results of the central bank meeting would lend positive sentiment to the stock market.Investment management firm Mandiri Manajemen Investasi president director Alvin Pattisahusiwa sai...