INDONESIA - FINANCE - Shariah ETF Mutual funds need to be published

www.bisnis.com - JAKARTA: The company challenged the asset management mutual fund products issued Exchange Trade Fund (ETF) based on operational after the stock market authorities to unite in a group of Jakarta-based Islamic Shariah Index (JSI) and Indonesia Sharia Stock Index (ISSI).
Deputy Secretary Daily Board of the National Sharia Council (DSN) Kanny Hidaya said the market opportunity based Islamic capital market, especially mutual funds in Indonesia is large enough to see the population of this country with the largest Muslim population.
"After some time the stock ETF is launched, it should present an asset management company dared to publish Islamic ETF products," he said in a discussion session on Market Development of Islamic Indonesia, today (Thursday, April 5, 2012).  (source)

INDONESIA - CAPITAL MARKETS - Danamon Takeover Lifts Indonesia's JCI to All-Time High

www.thejakartaglobe.com - Indonesia’s benchmark stock index closed at an all-time high on Tuesday, boosted by Bank Danamon Indonesia’s shares, which resumed trading following a record buyout offer from Singapore’s DBS Group.

The Jakarta Composite Index gained 49.37 points, or 1.2 percent, to 4,215.44. That eclipsed the last record closing high, set on Aug. 1 at 4,193.44.

The stock measure’s biggest gainer was Danamon, up 39 percent at Rp 6,400, its highest close since March 23, 2011. DBS is set to acquire all of Danamon in one of Indonesia’s biggest takeover deals. Danamon was suspended from trading on Monday.  (source)

INDONESIA - CAPITAL MARKETS - Trade and Services Sector Shares Sharia Domination

www.pkesinteraktif.com - Jakarta (29/2) - Currently in stock sharia, trade, services, and investment is the most dominant sector. This was disclosed Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh to pkesinteraktif.com few days ago.

He said 237 shares of sharia, trade, services, and investment has its share of 28%. The rest was divided on agriculture, mining, various industrial, commercial goods industry, property, and infrastructure.

"As the number of stocks that move in this sector (trade, services, and investments) at most, then this sector is also the most demanding investors," he said. (source)

INDONESIA - CAPITAL MARKETS - Rupiah Declines a Second Day as Europe’s Borrowing Costs Surge - Impact on Sovereign Sukuk Issuance Expected

Indonesia’s rupiah fell for a second day and stocks slumped on concern Europe’s sovereign debt crisis is spreading to its largest economies, reducing demand for emerging-market assets. 

The MSCI Asia-Pacific Index of regional shares dropped by the most in almost a month after yields on Italy’s and Spain’s 10-year bonds climbed to the highest levels in at least a decade even amid European Union efforts to prevent a Greek default. Bank Indonesia will keep its benchmark lending rate at 6.75 percent today, after raising it by a quarter percentage point in February, according to all 14 economists surveyed by Bloomberg.(source)

FINANCE - JCI Records Biggest Gain in 3 Months as Investors Make Up for Lost Time

Indonesia’s benchmark stock index shot up on huge volume on Wednesday, posting its biggest gain in more than three months as it played catch-up with regional markets after a long holiday.

The Jakarta Composite Index leaped higher by 126.14 points, or 3.9 percent, to a record high of 3,357.03. It was its steepest gain since May 26.