JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 2.68% to 4598 at 2 pm Jakarta time Thursday, rebounded from more than 5% correction in earlier 2 days following the China’s currency ban on Tuesday this week.
Asian shares gain on hopes China is slowing yuan’s descent, Reuters reported. China’s central bank sasid there was no basis for further yuan depreciation after it devalued the currency earlier this week. Even though the yuan dropped for the third straight day following Beijing’s move to devalue the currency on Tuesday.
Meanwhile the rupiah strengthened 0.36% to Rp13,750 against the US dollar.
Adaro Energy gained 3.09%, Aneka Tambang jumped 7.84%, Astra International rose 3.29%, Alam Sutera surged 7.04%, Bank Rakyat Indonesia hiked 4.9%, and Bumi Serpong Damai lifted 5.35%.
Other gainers were Eagle High Plantation (+5.26%), Charoen Pokphand (+6.58%), XL Axiata (+6.57%), Indocement (+5.79%), Perusahaan Gas Negara (+6.83%), Timah (+6.25%), and Unilever (+6%).
Sri Rejeki Isman also soared 23.76%, Surya Citra Media jumped 6.2%, Adhi Karya hiked 7.48%, Media Nusantara Citra climbed 6.15%, and Wijaya Karya surged 7.91%.
Adaro Energy gained 1.86%, Astra International rose 1.65%, Aneka Tambang jumped 5.88%, Alam Sutera surged 3.29%, Eagle High Plantations climbed 3.72%, Bumi Serpong Damai hiked 2.83%, Charoen Pokphand lifted 4.74%, and Timah gained 4.46%.