JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.36% at 5050 this morning extending yesterday’s gain of 1.35%.
Investors responded positive over the agreement reached by the Great Indonesia ruling coalition (KIH) and the Red-and-White opposition (KMP) on a fair representation in the leadership of the working commissions and parliamentary bodies altogether known as the AKD (Alat Kelengkapan Dewan).
This agreement would pave the way to ending conflicts between the two warring factions in the House Representatives (DPR). Yesterday investors focused buying infrastructure stocks.
Japanese stocks struck seven-year highs on Wednesday on growing expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile recovery, Reuters reported.
Nymex’s crude oil declined 0.64% to US$77.44 per barrel in Asian trading and gold inched down 0.09% to US$1,162 per ounce.
Astra International gained 1.8%, London Sumatra rose 1.55%, Telkom increased 1.3%, and Matahari Putra Prima hiked 1.3%.