JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher this morning, up 0.16% to 5041, but profit taking emerged.
Some investors might point to uncertainty surrounding the presidential election results and potential disputes going forward.
Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global economic events including testimony from the head of the Federal Reserve, Reuters reported.
Nymex’s crude oil fell 2.18% to US$98.42 per barrel in Asian trading while gold inched up 0.05% to US$1,337.40 per ounce.
At Jakarta bourse, ALam Sutera gained 1.4%, Bumi Resources rose 1.23%, and Telkom hiked 1.75%. While Bank Rakyat Indonesia, Bank Mandiri, BW Plantation, London Sumatra, and Kalbe Farma were in red.