JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.06% at 4493 this morning but profit taking emerged.
Hopes for a last-ditch Santa Claus rally are fading fast, as Asian markets were mixed Tuesday with little time to trade before the holiday, Cnbc.com reported.
The few traders left in the market may be looking past any Christmas cheer to concerns about the outlook for the following year.
Nymex’s crude oil declined 0.2% to US$34.66 per barrel in Asian trading this morning and gold fell 0.3% to US$1,077.50 per ounce.
Adaro Energy rose 2%, Jababeka gained 2.2%, Alam Sutera increased 1.17%, Bank Danamon hiked 1%, Bumi Serpong Damai gained 1.18%, Eagle High jumped 2.88%, and Gudang Garam surged 2%.
While XL Axiata fell 1.68%, Bank Rakyat Indonesia declined 1.13%, Astra International lost 1.6%, Indofood shed 1.2%, and Lippo Karawaci dropped 3.18%.