JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened down 0.82% at 5055 this morning as profit taking hits certain stocks after yesterday’s gains.
Investors opt to trade for short term amid the uncertainty of presidential election results.
After war of quick counts, Prabowo and Jokowi camps have started wars of real counts, especially in ‘strategic areas’, including East Java.
Asian share markets also slipped on Friday as troubles at a small Portuguese bank managed to wrongfoot investors already made anxious by the U.S. earnings season and a spate of disappointing economic data globally, Reuters reported.
Nymex’s crude oil declined 0.19% to US$102.73 per barrel in Asian trading and gold inched down 0.01% to US$1,339.20 per ounce.
At Jakarta bourse, Astra International fell 2.24%, Bumi Resources lost 3.2%, Bank Negara Indonesia declined 1.93%, Bumi Serpong Damai shed 2.16%, and Lippo Karawaci slashed 1.7%.