JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) jumped 1.72% at market opening this morning following presidential election result which is inline with the market’s expectation. At 9.25 am Jakarta time, IDX composite reached 5112.
The election has been held smoothly on Wednesday (July 9). Most polling agencies have declared Joko ‘Jokowi’ Widodo as Indonesia’s new president based on their respective quick counts.
Three polling agencies linked to Prabowo, however, claimed Prabowo’s lead over Jokowi. This would affect the market sentiment and investors’ mood until the official result to be announced in July 22.
Nymex’s crude oil fell 0.24% to US$102.04 per barrel in Asian trading while gold increased 0.29% to US$1,328 per ounce.
At Jakarta bourse, Astra International gained 3.59%, Alam Sutera rose 3%, Bank Rakyat Indonesia jumped 4%, Bank Negara Indonesia climbed 3.4%, Bank Mandiri hiked 3.69%, Lippo Karawaci surged 5.05%, and Telkom lifted 1.7%.