JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.8% at 4690 this morning, following gains in regional markets.
Asian stocks on Monday were close to wiping out all their losses since China’s shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates to shore up faltering growth in the world’s second-largest economy, Reuters reported.
Nymex’s crude oil fell 1.8% to US$44.56 per barrel in Asian trading this morning and gold declined 0.1% to US$1,164.70 per ounce.
Alam Sutera gained 3.3%, Bank Rakyat Indonesia jumped 3.35%, Perusahaan Gas Negara climbed 2%, Pakuwon Jati surged 3.1%, and Bank Central Asia gained 1.5%.
Investors are awaiting stimulus from Europe and China announced this week. The reports of companies’ financial performances for third quarter of 2015 period also affect the market sentiment.