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STOCK MARKET DISCUSSION V132, Everyone Huat!
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newbie99
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 Jun 13 2013, 03:46 PM
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QUOTE(SKY 1809 @ Jun 13 2013, 03:43 PM) Twice in a week  JAKARTA (June 13): Indonesia's central bank surprised the market for a second time this week by raising its benchmark interest rate, which had been unchanged for 15 months, by 25 basis points to 6.0 percent on Thursday. It's a pre emptive strike against inflation and fuel subsidy reduction, as well as to control the depreciating rupiah. Foreigners will definitely welcome the fuel subsidy reduction. Market has corrected 12% from peak, prob the biggest correction in a year or so. Good time to collect. This post has been edited by newbie99: Jun 13 2013, 03:52 PM |
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newbie99
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Jun 13 2013, 03:48 PM
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QUOTE(yhtan @ Jun 13 2013, 03:46 PM) Indonesia inflation rate must be really high  Is time for Gark to renew its FD  Still below 6% yearly basis. |
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newbie99
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Jun 13 2013, 03:55 PM
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QUOTE(SKY 1809 @ Jun 13 2013, 03:51 PM) Indo Currency is dropping like Kaboom, 6% is not enough to stop the bleeding. Yes, it's been going on for almost 2 years. 2012 it depreciates about 12% against ringgit (i calculate based on ringgit due to share trading purpose), but if u were to put your rupiah in indoneisa stock market, i think your return should be at least 30% even in ringgit terms. This post has been edited by newbie99: Jun 13 2013, 03:56 PM |
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newbie99
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Jun 13 2013, 04:02 PM
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QUOTE(SKY 1809 @ Jun 13 2013, 03:57 PM) Time for interest rates to create big waves again in Asia Anyway, i just injected some in today after liquidating my indonesia portfolio 3 weeks ago. This post has been edited by newbie99: Jun 13 2013, 04:10 PM |
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newbie99
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Jun 18 2013, 09:56 AM
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After protests, Indonesia's parliament boosts fuel prices by as much as 44%.
(Source: CNN)
JKSE up 1% on opening.. seems investors love the fuel hike.
This post has been edited by newbie99: Jun 18 2013, 10:03 AM
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newbie99
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Jun 20 2013, 08:10 PM
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Good market for those who have been keeping their cash hoard since GE.
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