Stock Traders’ Guide to Navigating Indonesia’s Presidential Vote
- Jakarta shares may rise to a record with a single voting round
- Banks, consumer-facing companies are among stocks to watch
A member of logistics unit of the General Elections Commission delivers election materials by motorbike to remote polling stations in Lampung, Indonesia, on Feb. 11.
Photographer: Perdiansyah/AFP/Getty Images
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Most investors expect the endorsement of a new Indonesian president in a single round of voting on Wednesday, with the result potentially driving the local stock benchmark to a record high.
Continuity of outgoing President Joko Widodo’s economic policies is the main concern of investors in Southeast Asia’s largest equity market by capitalization. The key Jakarta Stock Exchange Composite Index has added some 45% in the more than nine years since Jokowi — as he’s widely known — took office, and closed at an all-time high in early January.