JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.3% at 4852 this morning as investors recollect the local stocks considered as cheap after recent sharp drop in prices.
On Monday (June 15), IDX dropped 1.98% but foreign investors booked net buy of Rp13.9 billion, bringing year to date net buy to Rp3.6 trillion.
Asian stocks were subdued early on Tuesday as financial markets braced for the possibility of Greece defaulting on its debt, while a two-day policy meeting of the U.S. Federal Reserve’s monetary committee starting later in the session also counselled caution, Reuters reported.
Nymex’s crude oil rose 0.3% to US$60.18 per barrel in Asian trading this morning while gold inched down 0.03% to US$1,185.50 per ounce.
Astra International gained 1.1%, AKR Corporindo rose 2.27%, Alam Sutera increased 1.98%, Bank Danamon jumped 3.34%, Surya Citra Media surged 5.27%, Adhi Karya hiked 1.03%, Media Nusantara Citra lifted 5.69%, and Global Mediacom jumped 5.9%.
While Bank Negara Indonesia fell 1.4%, Eagle High Plantation dropped 5.63%, Astra Agro shed 2.1%, Lippo Karawaci declined 1.35%, and Matahari Putra Prima lost 4.86%.