JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 1.04% to 4980 this morning as investors opted to sell off local stocks on concern over the local political risks.
Regional markets were also in red, to traking Wall Street last. Nymex’s crude oil declined 0.37% to US$88.52 per barrel in Asian trading while gold inched up 0.03% to US$1,212 per ounce.
More political uncertainties go farward following this morning’s election of new leadership of MPR. The elected MPR speaker Zulkifli Hasan, minister of forestry in the period of 2009-2014, also adds concerns over the future of Corruption Eradication Commission (KPK) because Zulkifli has had his own brush with KPK related to allegations of graft.
Adaro Energy fell 1.32%, Astra International lost 1.84%, Alam Sutera declined 1.36%, Bank Central Asia shed 1%, Bank Negara Indonesia dropped 3.67%, Bank Mandiri slashed 1%, Bumi Serpong Damai fell 2.36%, Jababeka lost 1.89%, Lippo Karawaci shed 2.13%, and London Sumatra declined 1.32%.
While Bumi Resources gained 1.89%.