The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Indonesia equities rally at close of trade
On Friday, Indonesia shares rallied after the close because revenues in the Miscellaneous Industry, Infrastructure as well as Consumer Industry sectors brought stocks up.
The IDX Composite Index managed to soar 0.06% in Jakarta.
On the IDX Composite Index the best performers were such benchmarks as Yulie Sekurindo Tbk, Prasidha Aneka Niaga Tbk and Multistrada Arah Sarana Tbk. They added respectively 34.07%, 25.00% and 24.60%.
On the contrary, the top losers were represented by Magna Finance Tbk, Indonesia Pondasi Raya Tbk PT and Bank Woori Saudara Indonesia. These lost 18.06%, 15.97% and 14.53% respectively.
On the Jakarta Stock Exchange diving shares outnumbered advancing equities by 190 to 137, while 129 were intact.
Stocks in Yulie Sekurindo Tbk edged up to all time maximums, adding 34.07% and getting to 244.00. Equities in Prasidha Aneka Niaga Tbk tacked on to all time peaks, gaining 25.00%, demonstrating an outcome of 400.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
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