JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened down 0.1% at 5363 this morning while regional markets gain.
Asian stocks crawled higher on Friday as upbeat U.S. economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded, Reuters reported.
Nymex’s crude oil declined 0.86% to US$50.99 per barrel in Asian trading this morning and gold fell 0.35% to US$1,200.60 per ounce.
Astra International fell 1.2%, Bank Rakyat Indonesia declined 1.1%, and Bumi Resources lost 1.2%.
Foreign investors have cut their net buy in local stocks by 55% or Rp6.43 trillion so far this year. Foreign investors made their peak net buy at Rp11.71 trillion in March 6, 2015. But after that date, they started to pull out their funds as domestic political situation starts to hitting up.