JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.5% at 4588 this morning as profit taking hit, after recent gains.
Asian shares stumbled on Thursday after Federal Reserve Chair Janet Yellen said a December interest rate hike in the United States is a “live possibility”, Reuters reported.
Nymex’s crude oil rose 0.4% to US$46.50 per barrel in Asian trading this morning and gold increased 0.2% to US$1,108.70 per ounce.
Bank Rakyat Indonesia fell 2.2%, Bank Danamon dropped 3.8%, Indocement declined 2.9%, and Semen Indonesia shed 1.9%.
Statistics Indonesia (BPS) will today release Indonesia’s official Q3-2015 GDP growth figure. The government is also today set to announce a 6th economic stimulus package, focusing on tax benefits and other policies related to special economic zones in Indonesia (KEK).