JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.5% at 5113 on Thursday (Dec 18) led by gains in property stocks.
Asian share markets rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus, Reuters reported.
Property stocks led the market’s gain. Bumi Serpong Damai jumped 4.2%, Lippo Karawaci surged 3.5%, Alam Sutera gained 2.9%, Pakuwon Jati climbed 4.8%, and Jababeka lifted 1.4%.
Astra International rose 2.49%, Bank Rakyat Indonesia increased 2.65%, Kalbe Farma added 2.9%, London Sumatera hiked 2.1%, and Telkom lifted 2.75%.
Other gainers were construction stocks; Adhi Karhya (+2.8%), Waskita Karya (+4.08%), and Wijaya Karya (+2.2%).
While Bumi Resources dropped 7%, Aneka Tambang fell 1.5%, Multipolar declined 1.78%, and Matahari Putra Prima shed 1.39%.
Nymex’s crude oil declined 0.1% to US$57.70 per barrel while gold rose 0.4% to US$1,199.70 per ounce. The rupiah strengthened further to Rp12,565 against the US dollar.