JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower this morning but had regained 0.05% to 5050 at 9.24 am Jakarta time.
Bank Negara Indonesia gained 1.6%, Aneka Tambang rose 2.04%, Bumi Resources increased 1.5%, Vale Indonesia climbed 2.5%, and Timah advanced 2,45%.
Investors are expecting better economic prospect if the new government starts significant reform in the economy, including fuel subsidy and speeding up infrastructure development, said one fund manager in Jakarta.
While regional markets were remain in red as tensions in Ukraina and Rusia still linger.
Nymex’s crude oil increased 0.13% to US$97.05 per barrel in Asian trading this morning. While gold inched down 0.03% to US$1,307.80 per ounce.