JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.5% to 4910 at early 30 minutes of trading this morning following gains in regional markets.
Asia stocks edged up to a three-year high on Tuesday after a record-breaking Wall Street bull run continued on the back of economic optimism, Reuters reported. Nymex’s crude oil increased 0.26% to US$104.68 per barrel in Asian trading and gold inched up 0.02% to US$1,254.10 per ounce.
Aneka Tambang gained 1.3%, Bank Rakyat Indonesia rose 1.5%, Bank Negara Indonesia increased 1.89%, Bumi Resources hiked 1.59%, London Sumatra lifted 1.6%, Timah up 1.1%, and Telkom gained 1.4%. On domestic front, investors are looking at the political development.
President candidate Joko ‘Jokowi’ Widodo and his running mate Jusuf Kalla are considered clear winners of last night’s first round of the presidential debates. Central bank is expected to make decision about its benchmark rate this week.
Some expect BI to maintain its benchmark rate despite downfall of rupiah in the past few weeks because inflation rate has been moving accordingto the central bank’s expectation.