Jakarta (Antara Bali) - The Indonesia Stock Exchange (BEI) has welcomed positively certainty about the government's policy to hike the prices of subsidized fuels, hoping it will have a good impact on the Indonesian Composite Index (IHSG).
"The certainty about the government's policy on fuel oils will make investors feel certain and enable stock issuers to determine their steps and accordingly, the IHSG will rebound," Samsul Hidayat, the exchange's director of trade and membership, said here on Tuesday.
He said the market will positively react to the certainty about the government's policy. As such, fluctuations in stock prices can be predicted.
"The market expects certainty. If there is no certainty the volatility will be higher. But now there has been certainty about the fuel oil policy," he said. (*/M038)
