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View all search resultsThe Jakarta Composite Index (JCI) is likely to continue its rally beyond 5,500 despite the looming recession and increasing number of COVID-19 cases, as the government’s COVID-19 response and the capital inflows from new domestic investors will boost investor confidence, analysts have predicted.
The rise of the retail investor has been marked by a deluge of financial planning content shared over social media, increased demand for investment coaching events and brokerage firms setting their sights on youngsters.
Investors should gear up for upcoming market uncertainty nearing the United States presidential election, an equity analyst has said, suggesting that August would be the last month for now to go on a buying spree.
The finance sector, under which banking stocks are grouped on the Indonesia Stock Exchange (IDX), has lost 19.31 percent of its value so far this year, the fourth-best performer on the bourse, while the JCI plunged 19.82 percent during the period.
Investment banking director Boumediene Sihombing said on July 16 that brokerage firm PT Danareksa Sekuritas expected the equity market to recover given that there were concerted efforts to battle the pandemic.
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