The market has tended to be quiet because of the political tension as a re3sult of the dispute, head of the Market Information Center Stephanus Cahyanto Kristiadi said here on Thursday.
Stephanus said if the result of the Constitutional Court is in line with the market expectation transactions in the market will be brisk.
"Otherwise, the market players will wait longer until the political condition is normal," he said.
For the time being the Jakarta composite share price index hovers above the level of 5,000 points.
"This showed that the condition of our economy improve despite declining trend of the index," Stephanus said.
He said the market showed that it is more in favor of the president elect Joko Widodo as indicated by the surge in share prices when the Election Commission declared the Jakarta governor won the July 9 presidential election.
Berita Terkait
PUPR Ministry repairing breached embankment in Demak
Sabtu, 10 Februari 2024 17:19 Wib
BMKG predicts global warming, climate change to continue in 2024
Sabtu, 20 Januari 2024 17:42 Wib
Police raids a truck carrying 226 dogs
Minggu, 7 Januari 2024 16:33 Wib
Indonesia pursues SDGs in developing new capital Nusantara: OIKN
Senin, 18 Desember 2023 13:02 Wib
11 climbers found dead on Mount Marapi, rescue undergoing: SAR office
Senin, 4 Desember 2023 16:30 Wib
Government seeks increase in Hajj officer quota for 2024
Jumat, 17 November 2023 15:53 Wib
Indonesia, Japan plan to accelerate energy transition at IPEF meeting
Rabu, 15 November 2023 15:50 Wib
IKN access toll road work 55-percent complete: Jokowi
Rabu, 1 November 2023 13:46 Wib