JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped further 0.76% to 5060 at 10.05 pm Jakart time this morning, after falling 2.2% last week.
An index of Asian shares slipped on Monday, while the dollar stuck close to a 13-year high against the yen hit after upbeat U.S. employment data raised bets that the U.S. central bank would raise interest rates as early as September, Reuters reported.
Nymex’s crude oil rose 1.8% to US$60.86 per barrel in Asian trading this morning while gold fell 0.29% to US$1,168.10 per ounce.
Astra Agro fell 1.2%, AKR Corporindo declined 1.75%, Bank Negara Indonesia lost 1.6%, Bank Mandiri dropped 1.87%, Jababeka shed 1.54%, Perusahaan Gas Negara slashed 1.74%, and Unilever fell 1.84%.
For this week, investors are waiting some economic data such as Indonesian retail sales, China’s balance of trade and inflation rate, and Japan’s GDP growth rate.
The government of Indonesia will tomorrow (Tuesday) auction bonds, targeting to raise Rp10 trillion. The International Monetary Funds (IMF) also urges the US Federal Reserves to postpone the Fed hike until the first half of 2016.