JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower this morning but regained 0.14% to 4563. On Monday (Dec. 28) foreign investors booked net buy of Rp429.2 billion, cutting year to date net sell to Rp22.55 trillion.
Asian stocks were subdued on Tuesday, with Japanese and South Korean equities slipping, after crude oil prices resumed their slide and cooled investor sentiment, Reuters reported. Nymex’s crude oil declined 0.2% to US$36.73 per barrel in Asian trading this morning.
Investors also aggressively invest in government bonds. Investors are expecting a cut in the benchmark BI Rate, so they opt to aggresively invest in the government bonds. Meanwhile finance ministry reported that tax collection reached Rp1,000 trillion as of December 25, 2015, the first time record high, compared to Rp982 trillion in 2014.
Nymex’s crude oil declined 0.2% to US$36.73 per barrel in Asian trading this morning while gold rose 0.26% to US$1,071.10 per ounce.
AKR Corporindo gained 1.82%, Vale Indonesia rose 3.3%, Kalbe Farma increased 2.39%, and United Tractors hiked 1.71%.