JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher this morning but then turned to red. At 10.27 am Jakarta time, IDX declined 0.1% to 5067.
Investors made no positive responses on the cabinet line-up announced by President Joko “Jokowi” Widodo as reflected on selling more stocks this morning.
While Asian equities rose on Monday, taking heart from upbeat earnings and economic data that eased recent global growth fears and sharpened risk appetite, Reuters reported. Nymex’s crude oil fell 0.96% to US$81.01 per barrel in Asian trading while gold rose 0.17% to US$1,233.30 per ounce.
President Jokowi had on Sunday (October 26) announced 34 members of his Working Cabinet for 2014-2019 period. President claims his members of cabinets as clean figures, having capabilities and good leadership and managerial.
Some economists, business players, as quoted by media outlets this morning, believe the economic team would get positive responses from market players as the team is said having its competences, capabilities for making such a breakthrough, and favor the pro-market policies.