JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) fell further 0.4% to 5422 this morning, extending yesterday’s 1.27% correction. Most regional markets were also in red zone.
While U.S. stocks closed higher on Monday, recovering from Friday’s sharp decline as investors took a more positive outlook on the strong jobs report.
Yesterday, investors at Jakarta bourse focused selling property stocks. Foreign investors booked net sell of Rp274.8 billion, cutting their year to date net buy to Rp11.44 trillion.
This morning, Jababeka fell 1.47%, Lippo Karawaci lost 1.35%, Adhi Karya declined 1.25%, Media Nusantara Citra shed 1.83%, Global Mediacom slashed 1.54%, Garuda Indonesia fell 1.58%, and Pakuwon Jati lost 1.19%.
Nymex’s crude oil rose 0.12% to US$50.06 per barrel in Asian trading this morning and gold inched up 0.02% to US$1,168.70 per ounce.