Indonesia Equities Rally, Weekly Change Almost Flat

Indonesia’s IDX Composite soared 149 points or 2.6% to 5,894 on Friday morning deals, extending gains for the third straight session amid widespread strength across all sectors. A solid rise in U.S. stock futures boosted sentiment as traders dialed back expectations of a Federal Reserve rate hike after a lukewarm U.S. jobs report. Locally, investors welcomed government measures to lower industrial costs, protect jobs, and support strategic sectors. In top trading partner China, services activity remained robust in June amid easing cost pressures and positive business sentiment. Among outperforming stocks were Amman Mineral (8.6%), Vale Indonesia (8.3%), Indosat (6.6%), and Astra International (3.9%). For the week, local markets are little changed after logging a steep decline in the prior period. Traders now look ahead to key domestic releases next week, including June foreign-exchange reserves, consumer confidence, and May retail sales.

Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service






