Last week was the bad days in Indonesia Stock market, mostly red for the whole days. The external factors was very strong, i.e trade war US China, long vacation in China. So less money on market, the trading turn to sell.
Analyst believe that would be still the same over this week, while eyes turn to Europe. As the biggest economy in Europe, Germany will release their latest economy data. There is pessimism in the market that will be a good news, whatever happened in east would affect to the west.
Bad news also on internal Indonesia economy, the deficit on fiscal doesn't drag the market bit down. The problem was the rupiah, that follow other currency down again dollar. Investor see its not the right time to invest or buy stock, they are mostly collecting dollar, as safe haven for their investment.
If we see furthermore, actually Indonesia economy on the right track. Mostly bad news from external drive Indonesia economy bit down. The domestic market is fine, seem move to accelerate if election over, no matter how the outcome.
Domestic market has more money than outside, the chance to move up is real. The only uncertainty is created by "whale", they want cheap stock for sure. They use bad news from external to drive market down.
You still have to do research before enter in Indonesia market. See the whole data from the previous month, the healthy of the company, how they finance or cash flow, if the fundamental are strong, better to collect their stock.
