JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.3% to 4908 this morning while regiona markets were mixed.
Other than political dynamics ahead of July 9 election, investors might respond April 2014 trade statistics and May 2014 inflation.
Nymex’s crude oil declined 0.43% to US$98.05 per barrel in Asian trading. Gold also fell 0.45% to US$1,246 per ounce.
Astra International gained 1.4%, Bank Central Asia rose 2.09%, Bank Rakyat Indonesia increased 1.7%, Kalbe Farma hiked 1.3%, and Timah lifted 1%. While Telkom dropped 3.8% and Aneka Tambang fell 1.25%.
Bank Indonesia, central bank, perdicts a trade deficit for April 2014 as import increased 11% compared to March, along with declining prices of some exported commodities, mainly palm oil and coal products.
Bank Indonesia also predicts inflation of 0.09% to 0.1% for May 2014 (month on month), compared to 0.02% deflation for April. For 2014, Bank Indonesia sets inflation target of 4.5% plus minus 1%. BPS is scheduled to release economy data today (June 2).