JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.2% at 4583 this morning, the first day of trading for this year.
President Joko “Jokowi” Widodo rang the opening bell for trading this morning. Investors are hoping such an optimistic promise from the president about the better economic prospect this year.
There would be an euphoria of January effect along with the incoming release of expected improved economic data. The central statistic bureau (BPS) will today announce the inflation data for December 2015.
Asian shares began their first trading of 2016 on a cautious note on Monday while oil prices jumped 3 percent after Saudi Arabia’s execution of a prominent Shi’ite Muslim cleric spurred regional anger and geopolitical tensions, Reuters reported.
Nymex’s crude oil rose 2.01% to US$37.81 per barrel in Asian trading this morning and gold increased 0.25% to US$1,062.90 per ounce.