News Formal

Outflow fears send Indonesia stocks to worst losses in 19 months

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Slight gain unable to undo slide with benchmark gauge set for 5th straight weekly decline. FMTNews Indonesia

JAKARTA: Fears among retail investors about some of their mutual-fund investments have triggered a sell-off in Indonesian stocks, with the nation’s benchmark index heading for its longest run of weekly losses since April 2018.

Local portal Kontan reported last week that two of PT Narada Aset Manajemen’s mutual funds failed to meet redemption demand from investors, citing an official at the Financial Services Authority. “The recent drop in some small-cap stocks has led to a significant decline in the net asset value of some mutual funds,” said John Teja, a director at PT Ciptadana Sekuritas Asia.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Intense competition' from China, S. Korea forces Panasonic to quit chip businessFormer global chipmaking powerhouse says it is offloading loss-making subsidiary. FMTNews Panasonic China Korea
Source: fmtoday - 🏆 5. / 72 Read more »