JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.8% at 4740 this morning inline with regional markets.
Asian shares slipped from near three-week highs hit earlier this month on Friday, as a rally in oil prices paused and investors remained cautious about the outlook of the global economy, Reuters reported.
Nymex’s crude oil fell 0.97% to US$32.61 per barrel in Asian trading this morning while gold rose 0.09% to US$1,227.40 per ounce.
Investors mostly sold banking stocks to respond over further BI rate cut to 7% Thursday. Bank Central Asia declined 1.68%, Bank Rakyat Indonesia dropped 3.75%, Bank Negara Indonesia slashed 4.59%, Bank Danamon shed 2.86%, and Bank Mandiri lost 3.86%.