JCI Slumps to Lowest Since 2017
The JCI dropped 2.69 percent on Thursday, following its 1.7 percent decline on Wednesday.
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A woman shops on Sunday (9/2/2020) at a supermarket in Bintaro, South Tangerang, Banten. Consumer spending grew 5.04 percent in 2019, a year-on-year decrease of 0.01 percent. The government needs to take extra precaution in issuing policies that do not affect consumer purchasing power.
JAKARTA, KOMPAS — The impact of the Covid-19 outbreak on the global economic slowdown has begun to materialize in the Jakarta Composite Index (JCI). By the close on Thursday (27/2/2020), the JCI had dropped to 5,535.69, the lowest level since 16 March 2017.
The JCI dropped 2.69 percent on Thursday, following its 1.7 percent decline on Wednesday. The index has fallen 12.13 percent since the beginning of the year – the steepest decline among Southeast Asian stocks.