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The Financial Services Authority (OJK) has raised concerns about stock manipulation practices in the country's capital market.
The bourse has suspended Wijaya Karya shares after the state-owned construction firm missed a Monday deadline for a sukuk principal repayment, citing cash flow problems.
The IDX revealed on Friday why the shares of state-owned construction firm Waskita Karya may face delisting if the company’s performance does not see improvements.
The Indonesian Composite Index (IHSG) concluded Wednesday's stock trading session on a positive note, closing at 6,834.388, adding 0.41 percent or 27,626 points.
The IHSG closed higher on Tuesday, after initial projections that the stock index would fluctuate as the market went into a “wait and see” mode.
With a 1.57 percent IDX Composite decline on Monday, foreign investors sold Rp 592.81 billion (US$37.81 million) worth of stocks.
Stocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening.
When demand for loans is sluggish, relaxation from the supply side will not stimulate the growth of bank loans.
Officially tradable on the Indonesia Stock Exchange (IDX) today, shares of PT Nusantara Sejahtera Raya, the company behind Cinema XXI, shot up by almost 11 percent by midday.
Japan's equity market could, however, face risks should a US recession prompt a substantial yen appreciation or should Bank of Japan (BoJ) normalize its monetary policy prematurely, an analyst says.