JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.7% at 5105 this morning as concern over current political development in the country remain weigh on market sentiment.
After winning a voting at the House of Representatives (DPR) for the election of regional leaders by the Regional Legislative Council (DPRD), Prabowo Subianto’s Red-and-White coalition starts to thrown out controversial idea to erase direct presidential election and to reinstate the presidential election by the People’s Consultative Assembly (MPR).
Media reported ten requests for a judicial review of the controversial Regional Election Bill (RUU Pilkada) have been submitted to the Constitutional Court on Monday (Sep. 29) morning.
Meanwhile Asian equities were mixed on Tuesday amid caution over developments in Hong Kong and as investors focused on data in China and Japan.
Nymex’s crude oil declined 0.15% to US$92.64 per barrel in Asian trading and gold inched down 0.09% to US$1,220.50 per ounce.
At 9.31 am Jakarta time, Bank Central Asia gained 1.72%, Bumi Serpong Damai fell 1.27%, Jababeka dropped 2.38%, Lippo Karawaci shed 1.56%, Global Mediacom slashed 2%, and Visi Media down 1.28%.