Semen Baturaja (SMBR), a state-controlled cement producer, was listed on the Indonesia Stock Exchange (IDX) today. The company, which offered 23.76 percent of its shares to the public, rose 1.79 percent to 570 points on its first trading day, significantly lower than the performance of the IHSG.

Indices on Wall Street were mixed as investors took some time off to evaluate statements of central bankers and macroeconomic figures. The Dow Jones index fell 0.8 percent and the S&P 500 fell 0.4 percent. Mixed economic data from the USA involved Michigan consumer sentiment that grew better than expected, but economic activity in the Chicago area that grew below expectation.

The Federal Reserve also caused some mixed sentiments. Fed official Jeremy Stein said that a stop or continuation of the stimulus program should not be based on the latest macroeconomic data but should be based on the general economic trend during the past year. However, chairman of the Fed in San Francisco, John Williams, stated that it is too soon to scale back the stimulus program.

Bahas