JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 2.34% at 4592 Thursday (August 13), rebounded from more than 5% correction in earlier 2 days following the China’s currency ban on Tuesday this week.
Asian shares closed in green 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.
Aneka Tambang jumped 6.86%, Astra International surged 5.35%, Alam Sutera hiked 6.1%, Bumi Serpong Damai lifted 5.03%, Charoen Pokphand climbed 7.89%, Eagle high Plantation rose 6.5%, and XL Axiata jumped 8.26%.
Others gainers were Indofood (+6.47%), Indocement (+5.1%), Jababeka (+6%), Kalbe Farma (+6.19%), Perusahaan Gas Negara (+5.9%), Timah (+6.25%), Sri Rejeki Isman (+25.74%), Surya Citra Media (+9.4%), Adhi Karya (+8.73%), and Wijaya Karya (+8.1%).
Nymex’s crude oil rose 0.7% to US$44.32 per barrel while gold declined 0.54% to US$1,117.10 per ounce. The rupiah was traded at Rp13,747 against the US dollar.