JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.3% at 5004 this morning while regional market were mixed.
Last week the composite index of the Indonesia Stock Exchange (IDX) fell 2%. Foreign net sell reached Rp182 billion.
Asian bourses were mixed on the first trading day of the week following an uninspiring handover from Wall Street and as investors digested key Chinese economic data, Reuters reported.
Nymex’s crude oil rose 0.67% to US$78.65 per barrel in Asian trading and gold climbed 2.47% to US$1,171 per ounce.
Adaro Energy gained 2.74%, Bumi Resources increased 1.55%, Alam Sutera rose 1.1%, Telkom hiked 1.1%, Adhi Karya lifted 2.45%, Wijaya Karya climbed 1.45%, and Global Mediacom gained 2.5%.
However concern over the planned hike of subsidized fuel price remain weighed on market sentiment.
The market mood tends to decline this week amid the absence of positive triggers from domestic front, while weakening rupiah will add the negative sentiment.