JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 2.2% at 4873 Tuesday (April 1) with buying sentiments in local stocks boosted by improved domestic economic data.
Central Bureau of Statistics (BPS) revealed that March 2014 inflation was 0.08%, compared to 0.26% in February 2014. While stapple foods recorded a deflation of 0.44%.
Indonesia recorded trade surplus of US$785.3 million in February 2014 as export rose 0.68% to US$14.57 billion while import declined 7.58% to US$13.78 billion.
Asian shares hit a four-month high on Tuesday after dovish comments from Federal Reserve Chair Janet Yellen and China’s official PMI survey showing the manufacturing sector managed to continue expanding in March, Reuters reported.
In Jakarta bourse, Astra International gained 4.07%, Bank Central Asia rose 3.3%, Bank Rakyat Indonesia hiked 4.44%, Bank Negara Indonesia lifted 3.83%, Bank Mandiri jumped 5.29%, Bumi Serpong Damai climbed 3.06%, Lippo Karawaci surged 6.45%, and Jababeka gained 5.86%.
Nymex’s crude oil declined 0.25% to US$101.33 per barrel while gold increased 0.3% to US$1,287.70 per ounce. The rupiah strengthened to Rp11,271 against the US Dollar.