JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 2.5% at 4557 Tuesday (Dec. 1) inline with regional markets.
Asian shares rose on on expectations for more stimulus from Chinese authorities, specifically in the property sector, Reuters reported.
The gains follow fresh readings on China’s economy, which showed further signs of slowdown in manufacturing data released Tuesday.
Astra Agro gained 5.6%, Astra International jumped 7.59%, Alam Sutera rose 6.49%, Bank Central Asia hiked 7.07%, Bank Danamon surged 10.09%, and Charoen Pokphand climbed 7.1%.
Other gainers were Indofood (+7.18%), Indocement (+9.2%), Jasa Marga (+6%), and Lippo Karawaci (+5.84%).
Nymex’s crude oil rose 0.3% to US$41.77 per barrel and gold increased 0.46% to US$1,070.20 per ounce. The rupiah strengthened to Rp13,808 against the US dollar.