IDX Loses $1.8 Billion in Market Value Amid Middle East Tensions
Jakarta. The Indonesia Stock Exchange (IDX) lost Rp 31 trillion ($1.8 billion) in market capitalization over the past week, as escalating tensions in the Middle East drove oil prices higher and triggered capital outflows from equities.
Following the decline, the IDX’s total market capitalization stood at Rp 12,547 trillion ($740.9 billion).
The benchmark index slipped 0.14% to close at 7,097 this week, down from 7,106.8 in the previous week.
IDX Corporate Secretary Kautsar Primadi Nurahmad said that during the March 23–27 period, the average daily transaction value rose 15.27% to Rp 23.33 trillion, compared with Rp 20.24 trillion a week earlier.
“The average daily transaction frequency also increased by 9.01% to 1.73 million trades, from 1.59 million trades in the previous week,” Kautsar said.
However, average daily trading volume declined 4.81% to 28.31 billion shares, down from 29.74 billion shares.
Year-to-date, foreign investors have recorded net sales of Rp 30.88 trillion, underscoring sustained capital outflows from the Indonesian equity market.
Tags: Keywords:
as a preferred
Related Articles
Stocks Climb 1% as Indonesia’s Reserves, Airport Operations Recover
Indonesian stocks rose 1% as stronger foreign reserves and airport reopenings lifted domestic market sentiment.
Indonesian Stocks Rise as Budget Pressure, LPG Cuts Loom
JCI rises 0.3% as investors weigh higher reserves against tighter fiscal space and a lower 2027 energy subsidy budget.
Indonesia Stocks Close Lower as Middle East Risks Offset FX Reserves
Indonesian stocks fell 0.25% as Middle East tensions and strong US jobs data weighed on sentiment despite robust foreign reserves.
Indonesian Stocks Swing After Higher Open as Fed,Geopolitical Risks Loom
Indonesian stocks opened 0.24% higher but turned volatile as investors weighed Fed rate bets, US-Iran tensions and global trade risks.
JCI Falls 0.47% as Weekend Profit-Taking Hits Indonesian Stocks
The JCI fell 0.47% to 6,636 on Friday as weekend profit-taking outweighed optimism over planned efficiency in the MBG budget.
Gold ETFs Open New Investment Options on Indonesia Stock Exchange
Gold ETFs offer Indonesian investors a new way to gain exposure to gold prices without buying or storing physical gold.
Indonesian Stocks Rise as Fed Bets and MBG Savings Lift Sentiment
Indonesian stocks opened higher Friday as Wall Street gains and expectations of MBG budget savings boosted investor sentiment.
Indonesian Stocks Rally as Destry’s BI Appointment Boosts Confidence
Indonesia’s JCI jumped 1.09% on Thursday as confidence in BI’s leadership transition and improving global sentiment lifted stocks.
Jakarta Stocks Open Higher as Regional Markets Gain, Bond Yields Keep Investors Cautious
Jakarta stocks opened 0.55% higher on Thursday as regional gains lifted sentiment despite concerns over rising global bond yields.
Indonesian Stocks Slip as Rising US Bond Yields Rattle Markets
Indonesian stocks edged lower as a global bond sell-off lifted yields, pressuring risk assets amid renewed inflation concerns.The Latest
Court Hears of $5,000 Fee for Expedited Hajj Slots in 2023
A former Religious Affairs Ministry staffer testified that 181 pilgrims paid $5,000 each for expedited hajj departures in 2023.
Five Journalists Reported Missing While Covering Anak Krakatau Eruption
Five journalists and two boat crew members are missing after losing contact while covering the Anak Krakatau eruption off Banten.
Trump Tariffs Cripple EU Firms’ Confidence in ASEAN
As many as 81% of the surveyed European businesses admit that the US tariffs had weakened their confidence in ASEAN.
Rupiah Strengthens to Rp17,632 on Reserve Boost
The rupiah rose 0.05% to Rp17,632 as higher foreign exchange reserves offset geopolitical risks and US inflation concerns.
Stocks Climb 1% as Indonesia’s Reserves, Airport Operations Recover
Indonesian stocks rose 1% as stronger foreign reserves and airport reopenings lifted domestic market sentiment.Most Popular
