JAKARTA (Thomson Financial) - Indonesian shares are expected to open slightly lower Tuesday following losses on Wall Street as investors exercise restraint ahead of the Federal Reserve's policy meeting tonight.
'I expect the market to open slightly lower, following the lead of regional markets. Investors may also unload shares on caution ahead of the Fed meeting tonight,' BNI Securities analyst Muhammad Alfatih said.
Bakrie Telecom may advance after the Indonesian government late Monday awarded the company a new license to operate international direct dialing (IDD) services, beating other bidders, PT Excelcomindo Pratama and PT Natrindo Telefon Selular.
Telkom and Indosat are the only players in the IDD market at present.
On Monday, the composite index closed down 2.39 points or 0.1 percent at 2,223.22.
Volume traded reached 4.80 billion shares valued at 2.72 trillion rupiah.
The LQ-45 index ended down 1.11 points at 465.15.
The Indonesian rupiah was trading at 9,390/9,395 to the US dollar early Tuesday, compared to 9,385/9,390 late Monday.
(1 US dollar = 9,379 rupiah)
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