Direct negative aura ambushed early trading the financial markets of Indonesia.
On the first trading session of the Indonesia Stock Exchange on Monday (1/17/2011) morning. Direct Composite Stock Price Index wallow in the red zone. CSPI first session until 10:00 had dropped 42.399 points, or 1.19 percent, to 3526.745. Basic industry and commodity index leader slump in early trade this week.
Meanwhile, the rupiah exchange rate against the U.S. dollar in the Jakarta interbank spot market on Monday morning as quoted by Antara has weakened 17 points or 0.19 percent, to the position of USD $ 9067 compared to the previous trade.
According to analyst Samuel Securities Indonesia, Lana Soelistianingsih positive economic data in the United States (U.S.) that triggered the U.S. dollar strengthened.
Last week, he said, the Indonesian market was under selling pressure especially in the stock and bond markets. Indiscriminate selling by foreign investors is expected to reach more than Rp 2 trillion, equivalent to 220 million U.S. dollars. “But the selling does not make the rupiah exchange rate weakened significantly,” he said.
However, he added, foreign funds are still in Indonesia and is still waiting for the opportunity to go back when BI is likely to raise the BI rate is the interest rate in February 2011.
He added, BI continues to come under pressure to raise interest rates in line with expectations of rising inflation is a more positive sentiment. Lana predict, the rupiah will weaken back to Rp9.060-Rp 9070 per U.S. dollar in trading today.