JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.25% at 5053 this morning on new hope over new president administration for next 5 years.
While Asian share markets were mixed on Tuesday following the previous day’s rally and as caution seeped in before key China data.
The market players are now awaiting the cabinet lineup likely to be announced by new president today. As the US Dollar is weakening, the index might return to its uptrend. Global investors would be back to invest their funds in Asia market, including Indonesia, alongwith the weakening dollar. The rupiah gained 0.64% to Rp12,031 over the dollar on Monday.
Nymex’s crude oil inched down 0.06% to US$81.86 per barrel in Asian trading while gold increased 0.18% to US$1,247 per ounce.
Adaro Energ gained 2.08%, Global Mediacom rose 1.06%, Multipolar increased 1.12%, and Matahari Putra Prima climbed 1.46%.