JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened flat this morning at 4466 while regional markets mostly gained.
Asian shares edged higher on Friday but remained on track for a weekly loss as lower crude prices kept markets on edge after a broad rout in commodities heightened fears about receding global growth, Reuters reported.
A supply glut in oil markets, cooling growth in the world’s biggest commodities consumer China and prospects of an interest rate increase in the United States next week have made for a tense trading backdrop across most asset markets.
Nymex’s crude oil fell 0.4% to US$36.60 per barrel in Asian trading this morning and gold declined 0.4% to US$1,067.30 per ounce.
Astra Agro dropped 4.87%, Adaro Energy fell 2%, Aneka Tambang declined 2.9%, AKR Corporindo dropped 5.6%, Eagle High Plantations shed 9.76%, XL Axiata fell 3%, Vale Indonesia dropped 5.2%, London Sumatra slashed 4%, and Indo Tambangraya dropped 6.67%.
While Astra International gained 2%, Bank Central Asia rose 3.26%, and Charoen Pokphand jumped 6.32%.