JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.18% at 4249 this morning following regional markets.
Asian shares dipped on Monday, while the dollar hovered near a four-week high, maintaining gains even after Federal Reserve Chairman Ben Bernanke said the U.S. central bank is committed to an accommodative policy, Reuters reported.
Adaro Energy declined 0.5%, Alam Sutera fell 0.67%, Bank Mandiri lost 0.96%, Bumi Resources dropped 1.3%, BW Plantation declined 0.76%, London Sumatra shed 1.09%, and Perusahaan Gas Negara down 0.77%. While Astra and Telkom gained 2.22% and 0.47% respectively.
The Indonesia Stock Exchange (IDX) has applied new lot size of stocks trading today. One lot consists of 100 shares, compared to current 500 shares. While categorization of tick prices will be cut to 3 from 5 categories.
IDX sets tick price of Rp1 for shares priced below Rp500, Rp5 for shares priced between Rp500 to less than Rp5,000, and Rp25 for shares priced at and above Rp5,000. IDX intends to create a smooth market movement and reduce market impact to investors.
Nymex’s crude oil declined 1.25% to US$94.25 per barrel in Asian trading this morning while gold increased 1.4% to US$1,242.30 per ounce.