JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.18% to 4958 at 9.55 am Jakarta time, but profit taking cut its opening gain.
The market players are still sceptical with the political changes following the new Perppu issued by the President SBY, basically to revoke election of regional leaders by regional House of Representatives (DPRD).
The lackluster economic data from China and civil unrest in Hong Kong also affect the market sentiment. On Wednesday this week, FOMC meeting will decide on quantitative easing policy.
Nymex’s crude oil lost 1.4% to US$87.87 per barrel in Asian trading and gold fell 1.86% to US$1,195.60 per ounce. Japanese stocks regains on upbeat U.S. jobs.
Astra International gained 1.52%, Vale Indonsia rose 2.81%, Lippo Karawaci increased 1.1%, Waskita Karya hiked 1.24%, Multipolar lifted 1%, and Matahari Putra Prima climbed 1.89%.