JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower this morning but then regained 0.47% to 4517.
Asian equities pared their biggest weekly gain in six weeks as investors paused for breath after a rally fueled by optimism that the Federal Reserve’s pace of tightening will be gradual, Bloomberg reported.
Nymex’s crude oil inched up 0.07% to US$40.57 per barrel in Asian trading this morning and gold rose 0.46% to US$1,082.90 per ounce.
Eagle High Plantations gained 1.78%, Charoen Pokphand rose 1.04%, Gudang Garam increased 1.62%, Lippo Karawci hiked 2.43%, Semen Indonesia lifted 1.75%, and Japfa Comfeed climbed 2.78%.
While Aneka Tambang fell 2.4%, Bank Rakyat Indonesia lost 2.28%, Bank Mandiri declined 1.14%, Indofood shed 1.33%, and Perusahaan Gas Negara slashed 2.1%.