JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.28% at 5216 this morning while Asian shares inched lower early on Wednesday after a lackluster day on Wall Street.
Alam Sutera gained 1%, Bumi Resources rose 1.05%, Jababeka increased 1.77%, London Sumatra hiked 1.07%, and Bumi Resources Minerals climbed 1.51%.
Investors will focus trade in stocks with positive news as the market lacked of fresh leads. Jababeka and state port operator PT Pelabuhan Indonesia (Pelindo) II will develop special economic zone (KEK) in Tanjung Lesung, Banten, to spend US$50 million for the project.
PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) has bagged rupiah loan, equivalent US$200 million, from International Finance Corporation, subsidiary of World Bank. BTPN gained 2.2% to Rp4,305 per share this morning trade.