JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.68% at 4483 Wednesday (Dec. 16) following regional markets.
Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street. Major indexes in Australia and Japan tacked on more than 2 percent, while South Korea finished nearly 1.9 percent higher, Cnbc.com reported.
Analysts believe the rally in U.S. and Europe overnight indicates markets are fully pricing in the expected Federal Reserve interest rate hike; the Fed’s decision is due on Wednesday.
Adaro Energy gained 6.26%, Aneka Tambang rose 4.84%, AKR Corporindo hiked 4.09%, Bank Rakyat Indonesia lifted 5.58%, Bank Negara Indonesia climbed 4.38%, and Bumi Serpong Damai gained 4.02%.
Other gainers were Perusahaan Gas Negara (+4.57%), Telkom (+3.4%), Vale Indonesia (+3.69%), Gudang Garam (+3.35%), Japfa Comfeed (+9.9%), and Hanson International (+4.88%).
Nymex’s crude oil fell 1.55% to US$36.77 per barrel while gold rose 0.25% to US$1,064.30 per ounce. The rupiah strengthened to Rp14,050 against the US dollar.