- Bloomberg•2 years ago
Indonesian stocks are tumbling at the fastest pace worldwide as investors lose faith in Joko Widodo’s ability to revive Southeast Asia’s largest economy. The Jakarta Composite (JCI) Index has dropped 3.7 percent since the coalition of parties opposing President-elect Widodo, known as Jokowi, succeeded in electing one of their own as parliamentary speaker on Oct. 2. Alan Richardson, whose Samsung Asean Equity Fund beat 96 percent of peers over the past five years, predicts the gauge may drop 7.6 percent to 4,800 in October. The durability of the so-called Red-White coalition that backed losing presidential candidate Prabowo Subianto will threaten the ability of Jokowi, who takes office on Oct. 20, to implement a policy agenda that includes cutting fuel subsidies, improving tax collection and reducing bureaucracy.
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WIJAYA KARYA IDR100 (WIKA.JK)
Jakarta - Jakarta Delayed Price. Currency in IDR
|Day's Range||2,630.00 - 2,680.00|
|52wk Range||2,200.00 - 3,390.00|
|1y Target Est||N/A|
|P/E Ratio (ttm)||N/A|
|Avg Vol (3m)||17,997,668|
|Dividend & Yield||N/A (N/A)|