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Indonesia Stock Market Breaks 4,000 Mark Midday Thursday
Francezka Nangoy | January 19, 2012

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The Jakarta Composite Index broke the psychological barrier of 4,000 on Thursday after Moody’s upgraded Indonesia’s sovereign credit rating to investment grade.

Moody's Also Says Indonesia Economy Now Investment Grade

The index reached 4,005.61 by the midday break after it gained 27.48 points, or 0.7 percent, in the morning session.

Bank Mandiri, the largest bank by assets, rose 1.4 percent to Rp 7,050, while rival Bank Rakyat Indonesia gained 2.1 percent to Rp 7,150.

Indonesian Rupiah Trades Near One-Month High on Moody’s Upgrade