JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.59% at 5167 this morning with sentiment is spurred by the local economic data.
The market expects Indonesia will experience the trade deficit in July 2014 as high import ahead of Lebaran season and low export of commodity due to the price concern. The Central Bureau of Statistics (BPS) will release July’s trade data and August’s inflation today.
Reuters reported Asian shares balked at the starting gate on Monday, skittish in the face of a deepening Ukraine crisis, while the euro touched a fresh one-year low ahead of this week’s European Central Bank meeting.
Nymex’s crude oil rose 1.36% to US$95.96 per barrel in Asian trading while gold declined 0.14% to US$1,290.40 per ounce.
Bank Central Asia jumped 4%, Bumi Resources gained 1.54%, Global Mediacom increased 1.29%, and Visi Media up 2.05%. While Aneka Tambang fell 2.09% and BW Plantation lost 1.46%.