JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened flat this morning, only inched up 0.03% at 4375. The rupiah weakened 0.4% to Rp14,065 against the US dollar.
Asian shares steadied in cautious early trade on Tuesday, as investors were reluctant to make any big moves amid volatile crude oil and before a widely anticipated U.S. interest rate increase by the Federal Reserve later this week, Reuters reported.
Markets were also focused on whether the People’s Bank of China (PBOC) would continue to guide its currency lower, with traders wary about the central bank’s intentions after it set the yuan/dollar official midpoint at 4-1/2-year lows in recent session.
Nymex’s crude oil declined 0.14% to US$36.26 per barrel in Asian trading this morning while gold inched up 0.08% to US$1,064.20 per ounce.
Alam Sutera gained 1.2%, Bank Danamon rose 1.25%, Eagle High Plantations increased 2.2%, Vale Indonesia jumped 3.62%, London Sumatra hiked 1.98%, Bukit Asam lifted 2.3%, and United Tractors climbed 3.2%.