Stumbling Trade Balance Deficit, CSPI and Rupiah Fall
JurnalUpdate . The Composite Stock Price Index (IHSG) and the compact rupiah exchange rate weakened after the Central Statistics Agency (BPS) reported the trade balance had a sharp deficit of up to US $ 2 billion. The JCI dropped to 1.03 percent or 63.5 points to 6,106 in the trade on Monday (12/17) this afternoon. The stock index opened at 6,163 this morning, down slightly from last weekend's close of 6,163. Today, the JCI is traded in the range of 6,099-6,174. Throughout 2018, the return on the stock index experienced minus 3.9 percent, although the return in annual calculations increased by 2.09 percent. Similarly, the rupiah exchange rate also weakened 0.21 percent or 30.2 points this afternoon, to the level of Rp14,611 per US dollar (US). The Garuda currency opened at the level of Rp14,602 on Monday (12/17) morning, weakening from the level of weekend trade of Rp14,581. Previously, a number of analysts expected the November 2018 trade balance to return to a deficit and make th...