JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened down 0.3% at 4754 this morning following regional markets.
While mainland stocks were unshaken by less-than-stellar economic indicators over the weekend, the rest of Asian indices slid early Monday tracking offshore losses and amid worries surrounding China, cnbc.com reported.
AKR Coporindo fell 2.1%, Bank Negara Indonesia lost 1.5%, XL Axiata declined 2.62%, Indo Tambangraya shed 1.94%, Bukit Asam slashed 1.2%, and London Sumatra slipped 1.17%.
This week investors see the development on the issue of Fed rate hike, which would positively impact to energy-related stocks and palm oil producers.
Some banking stocks with big market capitalization would be attractive for buying as they have been considered cheap at current prices.