JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher this morning, rebounded from yesterday’s sharp fall, but profit taking hits. At 9.25 am Jakarta time, IDX gained 0.14% to 5008. Earlier this morning the index reached 5024 points.
Investors still concern on the development of politic issues in the country. President SBY has on Thursday evening signed two regulations in lie of law (Perppu), basically to revoke election of regional leaders by regional House of Representatives (DPRD).
Regional markets also regained grounds. Nymex’s crudel oil inched up 0.02% to US$89.10 per barrel in Asian trading and gold inched up 0.06% to US$1,218.40 per ounce.
Astra International gained 1.14%, Bank Negara Indonesia rose 1.92%, Telkom up 0.9%, and Bumi Resources Minerals increased 1.3%.