JAKARTA (Yoefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.35% at 5053 this morning, extending yesterday’s loss, as investors continued lock in profits ahead of announcement of the presidential election outcome in July 22 next week.
The index had gained in first 3 days this week as investors expect Jokowi might win the presidential race. But concern over security issue in the day of announcement also linger.
Asian shares sagged in early trading and a drop in Treasury yields pressured the dollar after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying into defensive assets, Reuters reported.
Nymex’s crude oil increased 0.46% to US$103.66 per barrel in Asian trading while gold inched down 0.08% to US$1,315.80 per ounce.
Jababeka lost 1%, Kalbe Farma fell 1.15%, Telkom down 0.95%, Global Mediacom declined 1%, and Multipolar dropped 2%.