JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.27% at 5130 this morning, extending yesterday’s loss, following the regional markets.
Reuters reported Asia equities joined Wall Street’s decline Tuesday as traders eyed tumbling commodity prices.
Nymex’s crude oil declined 0.32% to US$62.85 per barrel in Asian trading while gold rose 0.6% to US$1,201.90 per ounce.
At Jakarta bourse, Alam Sutera fell 1.74%, Bumi Serpong Damai declined 1.1%, Lippo Karawaci shed 2.6%, and Bumi Resources dropped further 1.43% after losing more than 10% yesterday.
The market sentiment gets another negative pressure today as World Bank revised down Indonesian economic growth to 5.1% this year, from earlier projection of 5.2%.