JAKARTA (TheInsiderStories) – Indonesian shares are expected to move sideways today, as players are likely to refrain from making aggressive moves due to lack of strong fresh leads.
Most foreign investors bought shares as reflected in the net buy value of Rp838.37 billion. Six of ten sectoral indices weakened and four ended in positive territory. The declines were led by mining stocks index, which fell by 1.95 percent, followed by property stocks index, which lost 1.35 percent.
Most Asian stocks ended in positive territory, with Nikkei225 in Japan rose 0.7 percent, Kospi in South Korea rose 0.65 percent and Hang Seng in Hong Kong added 0.33 percent. Euro stock markets were also mostly rose with FTSE100 in UK added 0.51 percent, DAX in Germany rose 0.08 percent and CAC in France edged up 0.34 percent.
In forex market, the rupiah was traded at Rp13,312 to the US dollar in the market close on Tuesday, up 0.13 percent from previous day.