JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.02% at 4224 Wednesday (Sept. 30) as the release of economic policy package, phase 2, spurred the buying sentiment in local stocks.
Asian stock markets rallied on Wednesday after sliding to 3-year lows, but concerns lingered over slumping commodities prices and China’s cooling economy, Reuters reported.
Aneka Tambang gained 2.1%, Bank Central Asia rose 3.15%, Bank Rakyat Indonesia hiked 3.59%, Bank Negara Indonesia increased 1.6%, Charoen Pokphand Indonesia lifted 4.7%, XL Axiata jumped 7.6%, and Vale Indonesia surged 7.9%.
Other gainers were Indo Tambangraya (+3.95%), Timah (+6.67%), United Tractors (+3.4%), Surya Citra Media (+5.38%), Matahari Department Store (+4.72%), Global Mediacom (+8.05%), and Garuda Indonesia (+3.34%).
Among the losers were Astra International (-1.42%), Bank Danamon (-2.53%), London Sumatra (-2.1%), Perusahaan Gas Negara (-5.95%), and Waskita Karya (-3.1%).
Nymex’s crude oil fell 0.3% to US$45.10 per barrel and gold declined 0.23% to US$1,124.20 per ounce. The rupiah strengthened to Rp14,657 against the US dollar.