JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 2.93% to 4,742.78 this morning, regained from recent substantial correction, in line with rebounds in regional markets.
Asian shares recovered from multi-month lows on Friday, as a rebound in U.S. equities on the back of upbeat economic data calmed nerves after a bruising selloff in global markets, but investors remained cautious ahead of next week’s Federal Reserve policy meeting, Reuters reported.
In Jakarta bourse, Waskita Karya jumps 6%, Wijaya Karya hiked 5.49%, Global Mediacom lifted 10.82%, Pakuwon Jati surged 5.97%, and Bumi Resources gained 7.69%.
Also regained grounds were blue chips, property and banking stocks; Astra International (+1.45%), Alam Sutera (+2.44%), Bumi Serpong Damai (+3.9%), Lippo Karawaci (+2.6%), Bank Central Asia (+5.9%), Bank Rakyat Indonesia (+4.1%), Bank Negara Indonesia (+5.1%), Bank Mandiri (+5.6%), Kalbe Farma (+2.33%), Media Nusantara Citra (+6.2%), and Telkom (+3.43%).
Nymex’s crude oil inched down 0.01% to US$96.68 per barel in Asian trading this morning.