JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.12% at 5217 this morning as profit taking hit after recent gains. While Asian stocks were mixed on cautious trade.
Profit taking hits some stocks such as Astra International, Bank Mandiri, BW Plantation, Kalbe Farma, and Telkom. Bank Tabungan Negara lost 1.31%, Waskita Karya declined 0.5%, and Wijaya Karya down 0.34%.
The House Representatives and the government of Indonesia have agreed to set 5.8% economic growth on 2015 state budget, higher than 5.6% growth proposed by the government.
The government of Indonesia had on Tuesday (September 2) raised US$1.5 billion through offering global Islamic bonds, so-called sukuk, but the demand reached US$10.23 billion reflecting the improving of investors’ trust over the Indonesian economic profile and prospect.
Foreign investors also booked net buy in stocks of Rp475.4 billion on Wednesday (September 3), then year to date, investors’ net buy totaled Rp56.25 trillion. The composite index made its record high yesterday as investors welcomed the reports that Prabowo-Hatta had admitted the victory of Jokowi-Jusuf Kalla for the presidential election.