JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.33% to 5435 this morning, to tracking gains in regional markets and Wall Street.
U.S. stocks moved higher Tuesday, with the S&P 500 and Dow industrials closing at records, as the market read Federal Reserve Chairwoman Janet Yellen’s testimony before Congress as a reassurance that a rate hike might not occur until the second half of the year, Reuters reported. Investors also reacted positively as Greece won EU approval for its proposed budget reforms.
Nymex’s crude oil inched up 0.04% to US$49.30 per barrel in Asian trading this morning and gold rose 1.01% to US$1,209.40 per ounce.
Bumi Resources gained 1.05%, Alam Sutera advanced 1.48%, Sentul City rose 1.39%, Vale Indonesia increased 1.34%, Jababeka hiked 1.97%, and Timah lifted 1%. Pakuwon Jati also climbed 2.86%, Waskita Karya gained 1.38%, and Berau Coal rose 2.44%.