Indonesia Market Update - 28 September

Translation to english: JCI closed slightly lower to 5,863.0 with a market volume of Rp 5.1 trillion outside the negotiating market. Banking stocks BBRI and BBNI contributed to the weakening of the index by falling by 1.9% and 1.7%, respectively. Concerns about PLN's financial condition became a sentiment negative for state-owned banks that have debt exposure from PLN. The bond market again weakened as the Rupiah broke through the 13,400 level. Seen the sell-off since the opening of the morning last Wednesday and continues on afternoon. FR59 changed hands at the 103.5 level (6.50%) weakening more than 100 bps from the previous day's trading. The government will doing a debt switch from FR45 to FR74 and FR75. The IBPA index fell 0.16% to close at 234.89.