JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.6% to 4933 this morning, to tracking regional markets.
Asian stocks got off to shaky start on Monday in step with a steep decline on Wall Street as worries about global economic growth sapped confidence, keeping crude oil prices stuck near four-year lows, Reuters reported.
Nymex’s crude oil declined 0.29% to US$85.82 per barrel in Asian trading this morning and gold fell 0.26% to US$1,222.90 per ounce.
Adaro Energy lost 1.83%, Bank Mandiri fell 1.83%, Bumi Serpong Damai declined 1.37%, and Vale Indonesia shed 1.5%.
Waskita Karya also slashed 1.2%, Adhi Karya fell 1.86%, and Multipolar dropped 4.28%. While Bumi Resources Minerals gained 2.1%.
At domestic front, investors trading mood is still affected by political risk factors. Trading would be remain volatile ahead of the inauguration of new president on October 20.