JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 1.3% at 4592 this morning following regional.
Asian stocks rose, with the regional benchmark index heading for its third day of advance, as commodity producers climbed amid renewed global appetite for riskier assets, Bloomberg reported.
Nymex’s crude oil fell 0.38% to US$47.72 per barrel while gold rose 0.7% to US$1,121.80 per ounce.
Bank Central Asia gained 2.5%, Adaro Energy rose 2.3%, Charoen Pokphand increased 2.4%, Jababeka jumped 4.65%, Kalbe Farma hiked 2.5%, Perusahaan Gas Negara lifted 2.2%, and Matahari Putra Prima climbed 3.6%.
The government is scheculed to announce the phase 6 of the economic policy package today, focusing on providing incentives and smooth process for permits award for investment in the special economic zone (KEK). Foreign investors will be allowed to manage KEK, to buy property in KEK area, and to get income tax cut by 20-100%.
Bank Indonesia (central bank) also reported Tuesday consumers confidence in October 2015 increased alongwith the optimism over the economic development for six months ahead.