JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.96% at 5024 Monday (October 27) as local investors locked in gains in some stocks.
However foreign investors booked net buy of about Rp600 billion at the first working day of new president Joko “Jokowi” Widodo.
President Jokowi has also today sworn in 34 members of his cabinet for 2014-2019 period.
President claims his members of cabinets as clean figures, having capabilities and good leadership and managerial.
Some economists, business players, as quoted by media outlets this morning, believe the economic team would get positive responses from market players as the team is said having its competences, capabilities for making such a breakthrough, and favor the pro-market policies.
Among blue chip stocks, Astra International fell 1.14%, Alam Sutera lost 2.96%, Bank Mandiri declined 1.25%, Bumi Serpong Damai dropped 3.79%, BW Plantation shed 5.31%, Jababeka slashed 1.09%, Kalbe Farma fell 2.35%, London Sumatera declined 1.08%, Timah dropped 3%, and Telkom lost 2.26%.
While Multipolar gained 2.13%, Matahari Putra Prima jumped 4.33%, and Garuda Indonesia surged 5.48%.
Nymex’s crude oil rose 0.1% to US$80.53 per barrel while gold declined 0.17% to US$1,229.70 per ounce. The rupiah strengthened to Rp12,042 against the US dollar.