JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.35% at 5417 this morning in line with regional markets.
Asian stock markets were however subdued on Monday in a week book-ended with Easter holidays across the globe and a U.S. jobs report that could affect the timing of the first hike in interest rates there.
Nymex’s crude oil dropped 5.83% to US$48.87 per barrel in Asian trading this morning and gold fell 0.54% to US$1,199.80 per ounce.
Perusahaan Gas Negara gained 1.06%, Telkom rose 1.6%, Global Mediacom increased 1.46%, Nirvana Development jumped 3.24%, Matahari Putra Prima hiked 1.62%, and Bumi Resources Minerals climbed 3.97%.
Tomorrow, the Central Bureau of Statistic will release the economic data for March 2015. After recording deflation in January and February 2015, BPS expects the inflation of less than 0.5% for March as prices of rice, LPG and red union increase. Bank Indonesia also expects 0.27-1.3% inflation for March 2015.