JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 1.14% at 4534 this morning following regional and global markets.
Asian stock markets jumped on Thursday as investors chose to take an historic hike in U.S. interest rates as a mark of confidence in the world’s largest economy, though the good cheer did not extend to oil where oversupply again pressured prices, Reuters reported.
U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.
Analysts believe the rally in U.S. and Europe overnight indicates markets are fully pricing in the expected Federal Reserve interest rate hike, Reuters reported.
Nymex’s crude oil rose 0.1% to US$35.56 per barrel in Asian trading this morning while gold declined 1% to US$1,065.80 per ounce.
AKR Corporindo gained 2.86%, Alam Sutera rose 2.36%, Bank Negara Indonesia increased 2.5%, Bumi Serpong Damai hiked 2.98%, Eagle High Plantation lifted 3.73%, Charoen Pokphand jumped 4.09%, Vale Indonesia climbed 2.59%, and Perusahaan Gas Negara surged 3.98%.