JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.48% at this morning opening while regional markets were mixed.
Aneka Tambang gained 1.2%, Bank Rakyat Indonesia rose 1.36%, Bumi Resources increased 1.1%, Vale Indonesia hiked 1.64%, Jababeka lifted 1.07%, Waskita Karya climbed 1.64%, and Wijaya Karya advanced 1.73%.
However trade tends to volatile. The index opened in red but then regained. Investors are waiting the verdict trial of presidential election dispute scheduled to be announced by The Consitutional Court (MK) today.
Some might concern on the security issue. Prabowo camp remain having option to submit the presidential election dispute to the Jakarta State Administrative Court’s (PTUN) if MK rejected its appeal. This would put the instability into market as well as the investment going farward.
Nymex’s crude oil inched down 0.03% to US$93.42 per barrel in Asian trading. Gold fell 0.36% to US$1,290.50 per ounce.