JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 1.27% to 5077 this morning opening trade as political risks hit market sentiment.
Regional markets were also in red following global markets. Stocks worldwide began the fourth quarter on a negative note on Wednesday, with investors wary of lackluster economic data and keeping a cautious eye on civil unrest in Hong Kong, Reuters reported.
Nymex’s crude oil increased 0.13% to US$89.23 per barrel in Asian trading this morning while gold fell 0.1% to US$1,216.70 per ounce.
In Jakarta bourse, Adaro Energy fell 1.29%, Astra International declined 1.79%, Alam Sutera lost 1.52%, Bank Central Asia shed 1.34%, Bank Rakyat Indonesia slashed 1.86%, Bank Negara Indonesia down 1.35%, Bumi Serpong Damai fell 1.92%, Jababeka lost 1.53%, and Lippo Karawaci shed 2.06%.
Market players have more questions on political stability in the country after opposition led by Prabowo Subianto winning key positions in the newly installed House of Representatives (DPR).