JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.1% at 5188 Wednesday (September 17) following regional markets.
Investors recollected stocks as the Fed has said it doesn’t expect to raise rates until 2015. The Fed began its two-day policy meeting on Tuesday.
Banking and property stocks led market’s gain. Bank Central Asia hiked 2.5%, Bank Mandiri lifted 1.23%, and Bank Jabar increased 1.85%.
For property, Alam Sutera gained 2.5%, Bumi Serpong Damai jumped 5.59%, Lippo Karawaci surged 4.98%, Pakuwon Jati climbed 4.58%, Jababeka gained 2.27%, and Ciputra Development rose 1.36%.
Other gainers were Adaro Energy (+3.94%), Bumi Resources (+1.07%), Telkom (+1.97%), London Sumatra (+3.3%), and Vale Indonesia (+1.96%).
Waskita Karya also hiked 3.5%, Multipolar lifted 8%, Visi Media climbed 3.1%, and Berau Coal jumped 8.59%.
Nymex’s crude oil declined 0.4% to US$94.49 per barrel and gold inched down 0.02% to US$1,238.80 per ounce. The rupiah was traded flat at Rp11,908 against the US dollar.