Indonesia Market Update - 27 September

Translation To English : IHSG closed down 0.5% to 5,863.96. Trading volume increased in the afternoon session last Tuesday to reach Rp 4.9 trillion outside the market negotiation. Not many new catalysts from within the country. The banking sector is seen experiencing profit taking action. BBRI and BBNI fell 0.8% and 1.3%. In the other side TLKM still continue its gains, up 0.9% DoD. The declining dollar traded on Tuesday, ending a rally in the bond market. Reheating the North Korean feud and America is used as the reason for the strengthening of the USD against other world currencies. From the auction, the Government raised its absorption target to Rp 7 trillion, with a total demand of Rp 26.4 trillion. IBPA index corrected 0.28% to close at 235.27 level.