Indonesian stocks plunge 3.4% on recent unrest

social dynamics1mos agoupdate PrintEnterprise

0 0

On September 1, the Indonesian stock market opened with a plunge of 3.44% (about 269.15 points) to 7,561 points, with a trading volume of 2.22 million shares and a turnover of Rp 2.07 billion.

The Coordinating Minister for the Economy called on investors to understand the current market volatility at a press conference at the Jakarta Stock Exchange.Emphasizing that Indonesia's economic fundamentals (corporate finances and outlook) remain solid, the impact of socio-political developments on the economy is expected to be only short-term.

He said the government is in constant communication with listed companies, exchanges and investors to ensure that investment plans are not disrupted, and is committed to maintaining economic stability and preventing short-term fluctuations from affecting long-term development. He also pointed out that it was a democratic right for people to express their demands through the recent demonstrations, but hoped that this would be done in a peaceful and respectful manner to accelerate economic recovery.

Market analysts believe thatThe decline in the stock market may have been influenced by the recent social protests, but the government will strive to keep the investment climate safe and long-term economic goals unshaken.

# Social Dynamics