Indonesia stock exchange says market to reopen Monday

[Coventina]

Source: The Guardian

JAKARTA, Oct 12 (Reuters) - The Indonesia Stock Exchange will resume trading on Monday after the bourse suspended trade for three days last week following a sharp fall in share prices, an exchange spokeswoman said on Sunday.
The stock exchange halted trade last Wednesday after the benchmark composite index <.JKSE> had dropped by more than 20 percent in just three sessions since Sept 29.
Indonesia had been due to reopen its stock market on Friday, but reversed the decision after a fresh global rout in equities and despite new measures aimed at calming fears that Southeast Asia's largest economy faced a fresh crisis.
The Jakarta stock market, which had a market capitalisation of $135 billion on Tuesday, has lost 47 percent this year.


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