JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 1.07% to 5455 this morning as profit taking hit after recent gains. Regional markets were also in red.
Asian stocks buckled while the dollar held firm in early Monday trade after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought, Reuters reported.
While finance ministry Bambang Brodjonegoro expects the national economy might grow by 5% in the first quarter of this year, slower growth as the state budget spending has not implemented yet as the revision of 2015 state budget was just approved by the parliament early this year.
Nymex’s crude oil fell 1.79% to US$51.47 per barrel in Asian trading this morning and gold dropped 2.35% to US$1,164.30 per ounce.
Astra International fell 1.24%, Alam Sutera shed 2.46%, Bank Central Asia dropped 2.23%, Bank Rakyat Indonesia declined 1.34%, Bank Mandiri lost 1.65%, Bumi Resources slashed 2.1%, Jababeka fell 2%, Kalbe Farma dropped 1.9%, and Lippo Karawaci down 1.72%.