Indonesia’s stock index <.JKSE> hit a record high on Wednesday, as investors buy into banks, consumer plays and resource firms, attracted by strong economic growth, healthy domestic demand and political stability. The index rose 0.35 percent to 3006.105, to top a previous record hit on May 4 this year, taking gains for the year in Asia’s best performing stock market to 18 percent. Indonesian stocks saw net foreign buying of $1.07 billion this year up to July 19, according to Thomson Reuters data, as investment funds chase one of Asia’s brightest medium-term economic growth prospects.
Indonesian stocks surged 87 percent in 2009. (
Strength in Asian economies further in evidence…
Indonesia’s stocks hit a record high today with banks, consumer goods resource firms featuring strongly
Strong economic growth, healthy domestic demand and political stability were all cited as reasons for the 2010 strength ( up 18 %) in the stock market which rose 87 % last year
The index rose 0.35 percent to 3006.105
