Indonesian stocks tumble on reopening after three-day halt
Indonesia's stock exchange resumed trading on Monday following a three-day halt after the bourse cut the limit on stock-price movements and the government eased buyback rules to help revive investor confidence.
The Indonesia Stock Exchange said its benchmark composite index fell 85.43 points, or 5.88 per cent, to 1,366.24 about an hour after it reopened. The IDX opens its morning session at 9:30 am (0230 GMT).
The Indonesia Stock Exchange suspended trading October 8 after the key index plunged to more than 10 per cent, extending a three-day loss to 21 per cent. Trading was scheduled to open on October 10 but was delayed after global equities tumbled.
Indonesian President Susilo Bambang Yudhoyono last week ordered the state-enterprises to buy back shares in an attempt to help revive investor confidence.
- Login or register to post comments
Print
Email to friend
Related Articles
- Indonesia market suspends trading again
- Trading suspended in Indonesia for second day
- Trading suspended in Indonesia for second day
- Vienna Stock Exchange suspends trading as shares fall by 10 per cent
- Thai bourse closes after 10 per cent fall
- Philippine stock market halts trading as shares fall 10 per cent
- Asian shares fall sharply, but some markets rebound
- Financial panic in Latin America, trading suspended in Sao Paulo
Kathleen Sebelius, Secretary of Health and Human Services said Tuesday immediate benefits will be visible to consumers via increased insurer...
As the lawmakers clashed fiercely Tuesday, political manoeuvring in the Capitol saw Democrats struggling to defend procedural shortcuts in order...
The coalition seeking to challenge the city ordinance regarding marijuana that would limit the number of stores selling marijuana at 70, has...
Michelle Obama’s cover story for next week’s Newsweek magazine i. e. 22nd March shows the First Lady with an apple and which is titled ‘Feed Your...
The debate continues unabated in USA over whether vaccines could cause autism in children.
Even though a court ruled last week there wasn’t...
According to researchers from an American university, BanLec, the lectin found in bananas could prove to be a powerful weapon in the fight against...
According to two new studies, since the 1990s non-melanoma skin cancer incidences have been rising making it the commonest cancer form, affecting...
According to the results of a preliminary study, salsalate, a common pain reliever may help type 2 diabetics control their blood sugar levels,...
Researchers say some people who are deficient in vitamin D can reduce their risk of hearth disease by 30% by raising the amount of vitamin D in...
According to US cosmetic surgeons, instead of using collagen, using muscle from your neck for a lip graft, makes for the perfect plump pout.
...Michel Sidibe, the head of UN AIDS agency – UNAIDS said Monday, since homosexuals, drug users and prostitutes are criminalized by the law, new HIV...
Crime-scene drama fans may soon find fingerprint dusting to be passé, after a new forensic technique debuts on their favourite TV series i. e....
