JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened flat this morning, only inched up 0.06% to 5155.
Asian markets were on edge on Tuesday ahead of data expected to show China’s economy grew at the slowest pace in 24 years last quarter, adding to the case for more stimulus measures both at home and abroad, Reuters reported.
Investors are already in a skittish mood after the major Chinese indices suffered their biggest one-day drop since the global financial crisis after regulators cracked down on speculative lending.
Nymex’s crude oil jumped 4.82% to US$48.69 per barrel in Asian trading and gold rose 1.18%vto US$1,277.90 per ounce.
At Jakarta bourse, Alam Sutera gained 1.72%, Vale Indonesia rose 1.18%, Adhi Karya increased 1%, Inovisi hiked 1.5%, Media Nusantara Citra lifted 1.12%, Global Mediacom jumped 4.32%, Matahari Putra Prima gained 1.7%, Bumi Resources Minerals surged 3.4%, and Berau Coal climbed 1.37%.
Cement stocks also regained after recent’s falls. Semen Indonesia rose 1.06%, Holcim Indonesia gained 0.78%, Indocement increased 1.6%, and Semen Baturaja up 0.54%.