Bloomberg News

Indonesia ‘Informally’ Asks Funds Not Sell Shares, Nurhaida Says

September 28, 2011

Sept. 28 (Bloomberg) -- Indonesia has “informally” asked mutual funds, insurance companies and pension funds not to sell shares in the market, Nurhaida, chairman of the nation’s capital market regulator, said in Jakarta today.

Indonesia doesn’t see the need to ask state companies to buy back their shares, Nurhaida said.

To contact the reporter on this story: Novrida Manurung at nmanurung@bloomberg.net

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net


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