Bisnis.com SEMARANG - Movement in the IDX Composite Index (IHSG) in August 2014 is expected to be sluggish, despite a potentially positive trend given the number of foreign investors who are following the political situation in the country.
PT Danareksa Sekuritas Branch Manager Semarang Melcy Makarawung said that a number of stock investors are still waiting for market certainty, following the July 9, 2014, announcement of the presidential election results by the General Elections Commission (KPU).
"Even though the presidential election results have already been announced, investor momentum is waiting for the official inauguration, which will affect markets and policy," he said on Tuesday (7/29/2014).
According to him, 65% of the country's investors are foreign capitalists, making political conditions a market benchmark.
"To ensure security for funds coming in from foreign investors," he said.
He said that, with this week's stock market holiday, there will be an estimated movement of 5,000 to 5,100 in the IDX Composite Index next week.
However, the market is predicted to follow annual trends, which tend to be sluggish, with the IDX Composite Index tending to be sluggish for August, affected by the momentum of Lebaran.
In the current situation, investors are still waiting for consolidation efforts from a number of political parties in response to the presidential election, which will in turn influence the composition of the cabinet and a range of policies including capital markets.
Danareksa Semarang leaders hope that the new government will now pay attention to rates for electrical power and fuel oil and create policies accordingly.
"If rate increases can be reined in, investment will then be safe."
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