JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened down 0.08% at 4197 this morning, after gaining 0.59% Wednesday (Jan 8). Japan’s Nikkei 225 also drops 1.4 this morning to tracking Dow Jones Average (DJIA).
Bumi Serpong Damai lost 2.37%, Jababeka fell 1.54%, Adhi Karya declined 1%, Wijaya Karya down 0.6%, and Pakuwon Jati dropped 2.55%. Alam Sutera and Bank Mandiri were also in red.
Governors of central bank, Bank Indonesia (BI) will hold the meeting today to make a decision on BI Rate policy. BI earlier said the benchmark BI Rate will not be raised further from current level of 7.5% along with the improvement of inflation, trade balance, and current account transaction.
Banking sector demands BI Rate will be kept at current level though the monetary condition has not fully recovered yet. Interesting that today’s decision on BI Rate is the first time after Bank Indonesia handed over the monitoring task over the banking sector to the Financial Service Authority (OJK).
Nymex’s crude oil increased 0.29% to US$92.60 per barrel in Asian trading while gold inched up 0.09% to US$1,226.60 per ounce.