JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) fell 0.3% to 5396 at opening trade this morning following regional markets.
Asian shares dipped in early trading on Monday after a weak performance on Wall Street, though China’s latest stimulus to shore up the world’s second-largest economy was likely to underpin sentiment, Reuters reported.
China’s central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to bolster slowing growth.
Last week, IDX declined 1.47%, led by consumer goods (-2.59%), mining (-2.01%), and agriculture (-2.09%). While property stocks gained 0.02%. Foreign investors booked net sell of Rp2.59 trillion last week, cutting year to date net buy to total Rp4.33 trillion.
Nymex’s crude oil fell 0.65% to US$57.32 per barrel in Asian trading this morning while gold rose 0.48% to US$1,204.10 per ounce.
This morning, Astra International lost 1.25%, Alam Sutera fell 1.56%, Bumi Serpong Damai shed 1.41%, Bumi Resources declined 1.25%, Vale Indonesia dropped 2%, Indocement slashed 1.2%, Jababeka lost 1.63%, and Timah down 1.12%.