JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower this morning but has regained 0.3% to 4759.
Asian shares were taking a breather on Wednesday, looking to consolidate two sessions of solid gains as risk appetites finally showed some resilience to the latest selloff in oil prices, Reuters reported.
On Tuesday (Feb. 16) shares in Wall Street gained with the Dow Jones index rose 1.4%, as most US stocks have been oversold. Investors however remain concern on oil price drop, Fed rate hike, and China economic slowdown.
Nymex’s crude oil rose 0.86% to US$29.29 per barrel in Asian trading this morning while gold fell 0.45% to US$1,202.80 per ounce.
Astra Agro rose 1.52%, Charoen Pokphand gained 1.1%, XL Axiata increased 1.3%, Gudang Garam hiked 1.95%, Jababeka lifted 1.3%, United Tractors climbed 1.4%, and Unilever Indonesia gained 1.28%.