JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.43% at 4925 this morning following regional markets. Asian stocks rose, led by Japan as the dollar maintained gains against the yen before U.S. jobs data, Bloomberg reported.
Nymex’s crude oil rose 0.18% to US$57.06 per barrel in Asian trading this morning while gold declined 0.21% to US$1,166.90 per ounce.
Adaro Energy gained 1.32%, Bank Negara Indonesia rose 1.42%, Jasa Marga increased 1.36%, London Sumatra hiked 1.28%, Timah lifted 1.44%, Adhi Karya gained 1.23%, Wijaya Karya climbed 1.75%, Global Mediacom rose 1.76%, and Pakuwon Jati hiked 1.44%.
As the economy continues slowing down, the government of Indonesia predicts lower economic growth this year. On the state budget, the economy growth target is set at 5.7% for this year. But Finance Minister Bambang Brodjonegoro predicts the economy would only grow by 5.2% this year as it only grew by 4.7% in the first quarter.
While Agus Martowardojo, governor of Bank Indonesia (central bank) revealed that Indonesia has anticipated the impact of Greece debt crisis and Indonesian economy has its strong fundamentals reflected by the controlled inflation and improving current account deficit which is expected to reach below 2.5% over the GDP this year.