JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 0.25% at 4530 Friday (Oct 18) but trade was volatile.
Most markets in Asia region also ended in green, excluding Japan’s Nikkei. Expectations the Federal Reserve will keep its stimulus in place for longer following the confidence-sapping U.S. fiscal impasse pushed world shares to a five-year high and the dollar to an eight-month low on Friday, Reuters reported.
An acceleration of China’s giant economy provided a further boost for stock markets, as well as growth-linked commodities such as oil and copper, as the prospect of an extended spell of super-easy money and improving growth buoyed investors.
In Jakarta bourse, Adaro Energy jumped 7.69%, Alam Sutera surged 7%, Charoen Pokphand climbed 3.25%, Indika Energy rose 2.4%, and Semen Indonesia hiked 2.8%.
Investors also focused buying shares of contruction firm. Adhi Karya gained 5.35%, Waskita Karya rose 3.45%, and Wijaya Karya increased 3.17%.
Among losers were Bank Maspion (-8.2%), Media Nusantara Citra (-1.85%), Matahari Putra Prima (-1.06%), Visi Media (-6%), and Bumi Resources Minerals (-5.45%). Astra International and Bank Mandiri also closed in red.
Nymex’s crude oil inched down 0.03% to US$100.84 per barrel. Gold retreated 0.4% to US$1,3317.70 per ounce. The rupiah strengthened to Rp11,308 against the US Dollar.