JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.2% at 5177 this morning following regional markets.
However, trade would be quiet, 3 days ahead of end of this year, as most investors have been on their holidays for Christmas and New Year.
Investors would collect local stocks this week for window dressing purpose and also anticipating the January effect.
The stock market will close on Wednesday and Thursday this week for New Year day celebration. The market will start trading on Friday (January 2), first day of trading for 2015.
Nymex’s crude oil fell 1.25% to US$54.73 per barrel in Asian trading while gold rose 1.92% to US$1,196.10 per ounce.