Coronavirus Infects the Indonesian Capital Market

By Editorial Team 03/02/2020
Virus outbreak
Topic

The Indonesian capital market has been hit by panic attacks. On Friday (31/1), the Indonesian Composite Index (IHSG) fell through the psychological limit below 6,000. During the day, foreign capital exiting the capital market (net-sell) reached Rp 1.8 trillion on the regular market. In the past week, foreign net-sell has reached Rp 2.35 trillion.

Concerns about the coronavirus novel outbreak, which was announced by the World Health Organization (WHO) the day before as a global emergency, triggered market panic. At the same time, there is no positive sentiment at home. The decline in the performance of several large-cap companies (blue chips) also contributed to negative sentiment.

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