Purbaya says JCI will rebound after Danantara export reform
Jakarta, May 21 -- Finance Minister Purbaya Yudhi Sadewa is optimistic that Jakarta Composite Index (JCI) will rise once investors acknowledge the positive impact from the establishment of PT Danantara Sumber Daya Indonesia (DSI) as the sole exporters for a number of natural resource commodities.
He explained that the JCI's correction, which fell 3.46 percent to 6,100.14 in Thursday's trading, occurred because investors lacked certainty regarding the direction of this new entity.
"When there is uncertainty, they are usually afraid and sell (the stocks). But once they understand the actual impact, the JCI price will rise," Purbaya told reporters at the Coordinating Ministry for Economic Affairs in Jakarta on Thursday.
PT DSI operates di...
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