ID :
23792
Fri, 10/10/2008 - 20:56
Auther :
Shortlink :
http://m.oananews.org//node/23792
The shortlink copeid
BAPEPAM : MARKET UNDERSTANDS THE DELAY OF INDONESIAN STOCK MARKET OPENING
Jakarta, Oct 10 (ANTARA) - The Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) consider the market will understand the postponement of Indonesia Stock Market (BEI) opening which were planned to be opened today.
"The market won't be confused since they know that the New York market went down yesterday and the regional one is also declining," chairman of Bapepam-LK, A Fuad Rahmany, said here Friday.
Fuad also said that almost all broker also suggest the same idea with Bapepam.
"We can't let chaotic situation controls our market today," he said.
BEI suspends stock market opening in the first session today after consult it with the minister of finance. Therefore, it won't dissaprove the governments' wish to open the market this morning.
Director of BEI marketing, MS Sembiring, said that his institution didn't worry about the concern that their action would trigger market uncertainty. In fact, he said, it would save the entire of Indonesian market.
"I guess the most important thing is to save the whole market. We are taking this steps due to the fast growing situation in the global stock exchange," he said.
"The market won't be confused since they know that the New York market went down yesterday and the regional one is also declining," chairman of Bapepam-LK, A Fuad Rahmany, said here Friday.
Fuad also said that almost all broker also suggest the same idea with Bapepam.
"We can't let chaotic situation controls our market today," he said.
BEI suspends stock market opening in the first session today after consult it with the minister of finance. Therefore, it won't dissaprove the governments' wish to open the market this morning.
Director of BEI marketing, MS Sembiring, said that his institution didn't worry about the concern that their action would trigger market uncertainty. In fact, he said, it would save the entire of Indonesian market.
"I guess the most important thing is to save the whole market. We are taking this steps due to the fast growing situation in the global stock exchange," he said.
