Bank Indonesia (BI) and the Indonesia Stock Exchange (IDX) will take a week-long break for the Idul Fitri national holiday and resume operations on Monday, July 11.
The central bank only provided cash deliveries for banks and ran limited clearing operations earlier on Monday. On Tuesday, it will still provide services for people to change their money into smaller bills at various train and bus stations.
But all other banking activities cease until next week.
The stock exchange has ceased trading all this week and will resume full operations only on Monday, July 11, according to the IDX website.
Securities houses have also announced in their websites that they are taking a one-week break.
The bourse is expected to continue its positive performance when it resumes, supported by investors’ enthusiasm after the Tax Amnesty Law came into force on July 1,IDX president director Tito Sulistio had earlier said.
Tito said he hoped to see the Jakarta Composite Index (JCI), the main benchmark of the IDX, to reach 5,200 by year-end. The index broke the 5,000 psychological level last week after the law was passed and generated a total of Rp 5.92 trillion (US$449.44 million) in net buy.
Source: www.thejakartapost.com, 04/07/2016
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