Jakarta (Thomson Financial) - Indonesian shares are expected to open lower Monday after worries over rising US inflation weighed on Wall Street on Friday.
Some market players may lock in recent gains with the long weekend ahead.
The market will be closed on Thursday and Friday for Islamic public holidays, and again next Monday and Tuesday for the Christmas break.
"I think the weak opening in key regional markets will put pressure on the local market today," said Paramitra Alfa Securities analyst Pardomuan Sihombing.
"I don't see any strong factors that could drive our market higher," he told Thomson Financial.
But all eyes will be on the debut of Indo Tambangraya, one of Indonesia's major coal miners. Analysts said the stock may trade higher given the bullish outlook for the coal industry.
Sihombing said gains in Tambangraya may boost sentiment in other coal miners such as Bukit Asam.
On Friday, the composite index closed down 15.67 points or 0.6 percent at 2,740.06.
The LQ45 index was down 4.67 points at 602.99.
The rupiah was trading at 9,325/9,330 in early deals Monday, unchanged from late Friday.
Indonesian miner Indo Tambangraya jumps 40 pct on debut
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