JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.17% to 5141 this morning while regional markets were mixed.
U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices, Reuters reported.
Investors at Jakarta bourse keep buying local stocks as they are expecting a positive decision for BI Rate. They view that the economy is improving, so as the global economy and political issues.
Adaro Energy gained 1.19%, Bumi Resources rose 2.15%, Waskita Karya added 1.14%, Multipolar advanced 1.99%, Visi Media lifted 2.24%, and Berau Coal up 1.79%.
Bank Indonesia expects the current account deficit would be around 3% of GDP (to reach US$23 billion) by end of this year along with the resumption of mineral ore export. Last year, the current account deficit was US$29 billion, or 3.3% of GDP.
Nymex’s crude oil declined 0.17% to US$97.20 per barrel in Asian trading and gold fell 0.1% to US$1,309.30 per ounce.