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Shares in Jakarta slipped 1.6 percent and the rupiah dipped 0.34 percent.
Over the full year of 2020, the JCI lost 5.09 percent despite gaining 21.18 percent in the last three months.
Although Indonesia’s 10-year government bond yield has fallen from its highest level in March, the country still offers a competitive yield of 4.4 percent, the second highest after that of South Africa.
The bourse recorded a foreign net sell of Rp 47.74 trillion as of Dec. 23.
Foreign investors at the local bourse recorded a net sell of Rp 47.05 trillion (US$3.34 billion) so far this year.
The JCI concluded its trading at 6,012.52 on Monday or 1.25 percent higher than Friday’s closing.
The government will increase cigarette excise taxes by an average of 12.5 percent in February of next year.
Pan Brothers produces between 3 million and 5 million PPE products per year, but has a capacity of up to 10 million.
"This pandemic is not over yet so we need to be conservative,” said Indonesia Stock Exchange (IDX) president director Inarno Djajadi
The Jakarta Composite Index (JCI) has gained more than 25 percent in the last six months and around 11 percent in the past month following a slew of positive sentiments both from inside and outside the country.