Investors opt to buying local stocks this morning on expectation over better economic growth data for second quarter (Q2) this year. Composite index of the Indonesia Stock Exchange (IDX) gained 0.37% to 5799 at 9.53 am Jakarta time. Investors are awaiting the release of GDP growth rate for the second quarter (Q2) this year and the Indonesia Business Confidence, scheduled for today. Some economists are calling for a rebound to 4.07% quarter-on-quarter growth (q/q) after a contraction in the first three months of 2017. They are expecting the improved growth in Q2 on higher domestic demand, household consumption, and higher investment and spending by the government. Growing import of consumer goods and growing circulated money reflect the expected better GDP growth in Q2.
