Rupiah Strengthens 15 Points at IDR11,975

Posted by On 3:43 PM

Dow Climbs 3.91 Points at 6,930.40

Thursday, 12 March 2009 08:54:50

South Korean wonStockWatch (Jakarta) - The Dow Jones Industrial Averages (DJIA) closed slightly higher in the trading on Wednesday (11/3) by 3.91 points (0.06%) at 6,930.40 as Standard & Poors 500 (S&P500) Index rose 1.76 points (0.24%) at 721.36 and Nasdaq Composite Index (NCI) stepped up 13.36 points (0.98%) at 1,371.64.

Dow was up tracking shares of financial sector after reports that JP Morgan recorded net profit in the period of January-February 2009, like Citigroup Inc said the day before. Dow's increase was relatively slight on decline in energy sector's shares after fuel price decline.

In Asia Pacific, the stock markets were mixed in the morning trading on Thursday (12/3) as Japan's Nikkei 225 index at 09:46 local time dropped 33.46 points (0.46%) at 7,342.66, South Korea's Kospi Index at 09:46 Seoul time rose 4.60 points (0.41%) at 1,132.15 and Australia's All Ordinaries Index at 12:04 local time stepped up 0.40 point (0.01%) at 3,199.50. (yan)

Rupiah Strengthens 15 Points at IDR11,975

Friday, 13 March 2009 17:45:23

South Korean won

StockWatch (Jakarta) - Rupiah strengthened by 15 points versus the US dollar at the Jakarta interbank spot market today (Friday 13/3) at IDR11,975 compared to Thursday's (12/3) closing at IDR11,990.


A foreign currency dealer at a private bank in Jakarta said rupiah appreciation was triggered by positive activities in the stock market and profit taking of the US dollar. "Weekend factor caused profit taking in the currency market," the dealer said. He said rupiah is likely to weaken at IDR11,900-12,050 next week as investors will sell rupiah to anticipate general election campaigns.

Yet, rupiah was mixed against the other foreign currencies and the rate versus the Singapore dollar appreciated at IDR7,787.74 from 7,847.30, but the rate versus the Hong Kong dollar appreciated at IDR1,546.33 from 1,549.46, the rate versus the Australian dollar weakened at IDR7,890.62 from 7,748.47 and the rate versus the euro depreciated at IDR15,477 from 15,355.78. (konrad/bw)

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