Foreign investors acquired almost $500 million in Indonesian stocks over the past month, and foreign funds added holdings of government debt by 2.8% so far this month to $28.2 billion, reports Kahlid Quyam for Bloomberg.
“Funds are coming into Indonesia’s capital markets because the general sentiment is positive,” commented Lindawati Susanto, head of treasury at PT Bank Resona Perdania in Jakarta. “The economic fundamentals look good so the currency is quite stable.”
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Market Vectors Indonesia
Max Chen contributed to this article.