The market largely shrugged off news that Bank Indonesia might need to be recapitalised as a result
of massive liquidity support to local banks during the economic crisis.
They said it had been expected due to the huge amount of liquidity aid amid the widespread rush on
banks during the crisis.
"Actually disclosing the matter to the public now could be good because of the need for public
transparency," the head of sales at a foreign brokerage told Reuters.
Dealers said hopes of funds returning from overseas and a positive economic outlook were the main
factors driving stocks higher. They say the long-term outlook for the market is very positive.
of massive liquidity support to local banks during the economic crisis.
They said it had been expected due to the huge amount of liquidity aid amid the widespread rush on
banks during the crisis.
"Actually disclosing the matter to the public now could be good because of the need for public
transparency," the head of sales at a foreign brokerage told Reuters.
Dealers said hopes of funds returning from overseas and a positive economic outlook were the main
factors driving stocks higher. They say the long-term outlook for the market is very positive.