Market players might witness a long wait prior to an increase in fuel prices, as well as the dividend distribution plan of issuers.Jakarta (ANTARA News) - The Indonesian composite stock price index might be affected by the parliament`s plenary meeting on the subsidized fuel price hike as well as the current domestic political and security situation.
Samuel Securities Indonesia analyst Yualdo Yudoprawiro said here on Friday that the political conditions and the results of the meeting on the planned fuel price hike might affect the movement of the index.
"Besides, the index will also be influenced by the release of the issuer`s financial statements," said Yualdo.
A similar statement was also made by the MNC Securities head of research, Edwin Sebayang, who said that this Friday there might occur an economic and political uproar in the country.
Further, market players might witness a long wait prior to an increase in fuel prices, as well as the dividend distribution plan of issuers.
"These are the factors that will hold or push the index higher," he said.
At the opening session of trading on Friday, the stock index rose 1.07 points (0.02 percent) to a level of 4.106.24, while the leading LQ45 stock index rose 0.26 points (0.03 percent) to 708.80.
On the global market, U.S. stocks closed `mixed` with the S&P falling during the late trading session due to profits responding to rising claims for unemployment benefits.
Meanwhile, U.S. economic growth in the fourth quarter of 2011 is reported to meet earlier estimations. However, European markets have significantly weakened after the S&P stated that Greece still needs to restructure its debt.
This negative sentiment from the U.S., Europe and Japan, plus the decline in industrial production, caused trade to weaken throughout Asian markets early on Friday. (*)
Editor: Heru Purwanto
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