Danantara to Continue Investing in Indonesian Stocks After Rout

Indonesia’s Danantara has instructed asset managers it places funds with to continue buying local stocks this week, the latest step by the government to restore confidence in its beleaguered capital markets.

Danantara has told the asset managers to buy shares of companies with strong fundamentals and liquidity, Chief Investment Officer Pandu Sjahrir said at a meeting on Sunday. The gathering was attended by market participants of local securities companies and asset managers.