JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.12% this morning while regional markets mostly gained.
In Wall Street, Dow Jones index only gained 0.16% Tuesday (June 17). Traders are bracing for more volatility in markets as fighting in Iraq intensifies, with the recent rise in crude oil prices posing risks to the strong rally in U.S. stocks, Reuters reported.
Nymex’s crude oil increased 0.32% to US$106.70 per barrel in Asian trading while gold declined 0.13% to US$1,270.40 per ounce.
In Jakarta, IDX has been moving zig-zag as investors concern on presidential election outcome while foreign investors are in the mood of summer break already.
This morning, Jababeka fell 1.27% and Kalbe Farma declined 0.6%, Banking stocks, Astra International and Telkom are also in red zone.
While Adaro Energy rose 1.17%, Vale Indonesia gained 1.34%, and Timah up 0.7%.