JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.39% to 4838 at opening trade this morning in line with regional markets.
The better earning results of local companies for the first quarter of this year also spur the buying sentiment.
Asian shares firmed on Wednesday after earnings-fuelled gains on Wall Street, while the euro remained under pressure after weaker-than-expected German inflation data raised speculation of more easing in Europe, Reuters reported.
Nymex’s crude oil declined 0.74% to US$110.53 per barrel in Asian trading and gold fell 0.28% to US$1,295 per ounce.
Adaro Energy jumped 5.78% after reporting 349% jump in net profit for first quarter of this year.
Bank Rakyat Indonesia rose 1%, Bumi Resources increased 2.06%, PTPP hiked 1.09%, Bank Tabungan Negara lifted 2.16%, Adhi Karya climbed 1.34%, Media Nusantara Citra gained 1.67%, and Multipolar rose 2.38%.