Global financial market turmoil impact to the local stock market. During the third quarter of 2011 foreign investors recorded net sales of Rp 500 billion shares, down compared to the previous quarter which recorded net buying of Rp 21.4 trillion.
Thus the results of the Monetary Policy Report of Bank Indonesia (BI) third quarter 2011
"Responding to increased external risk, investor portfolio adjustments nonresiden do with reducing their exposure in emerging markets," the report said.
Emitern mining and financial sectors have recorded the biggest selling pressure from non-resident investors. Plan some state enterprises to buy back shares when prices are low enough to be naturally self assessed stabilization in the domestic stock market.
Thus the results of the Monetary Policy Report of Bank Indonesia (BI) third quarter 2011
"Responding to increased external risk, investor portfolio adjustments nonresiden do with reducing their exposure in emerging markets," the report said.
Emitern mining and financial sectors have recorded the biggest selling pressure from non-resident investors. Plan some state enterprises to buy back shares when prices are low enough to be naturally self assessed stabilization in the domestic stock market.
BI said that turmoil in global financial markets encourages foreign investors off its shares in the domestic financial markets that followed the weakening of the exchange rate.
Composite Stock Price Index (CSPI) has a fairly sharp weakening of 8.7% to as low as 3549 on 30 September 2011. But compared to countries in the region, weakening the relative stock index lower.
JCI mainly due to the worsening performance of the selling pressure experienced in the mining sector, which slid 24%. This is due to expectations of weak international commodity prices as the slowdown in world economic growth.
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