JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher this morning but profit taking hit and dragged the index into negative territory, to 4920, down 0.24 points.
On Monday (April 7), the IDX gained 1.3% as investors expects the general election will be run smoothly. Tomorrow (April 9), the market will be closed for national holiday as the country will hold the general election for voting on new legislative members.
Investors also await Bank Indonesia’s today decision on its benchmark BI Rate. Investors expect the BI Rate would be kept at current level 7.5%.
Nymex’s crude oil increased 0.46% to US$100.90 per barrel in Asian trading this morning. Gold rose 0.15% to US$1,300.20 per ounce.
In Jakarta bourse, Bank Mandiri declined 0.73%, Kalbe Farma fell 0.66%, Lippo Karawaci shed 0.84%, Timah slipped 0.77%, and Telkom down 0.2%.