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Jakarta Post

Indonesian stocks conclude ‘year of retail investor’ on bearish note

  • Riska Rahman

    The Jakarta Post

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Jakarta   /   Thu, December 31, 2020   /  01:49 pm
The Jakarta Post Image
Coordinating Economic Affairs Minister Airlangga Hartarto (second left) pushes the trading bell while Financial Services Authority (OJK) chairman Wimboh Santoso (second right), OJK chief executive of capital market supervision Hoesen (left) and Indonesia Stock Exchange (IDX) president director Inarno Djajadi stand at a safe distance during the bourse's last trading day closing ceremony in Jakarta on Wednesday in this screen grab from the IDX YouTube channel.(Courtesy of the Indonesia Stock Exchange (IDX)/-)

Indonesian stocks concluded 2020 trading in the red despite large gains recorded in the last months, with the usual celebration toned down due to the raging coronavirus pandemic. Unlike the previous years, Coordinating Economic Affairs Minister Airlangga Hartarto had to push the trading bell by himself on Wednesday, while Financial Services Authority (OJK) chairman Wimboh Santoso, OJK chief executive of capital market supervision Hoesen and Indonesia Stock Exchange (IDX) president director Inarno Djajadi stood beside the minister at a safe distance. In the past years, the high-ranking officials would put their hands together on the bell while smiling to the press and to an audience of hundreds attending the ceremony in the bourse’s main hall. Other government officials, including Finance Minister Sri Mulyani Indrawati, Public Works and Housing Minister Basuki Hadimuljono a...