JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 4.58% at 4,667 Thursday (Sept 19) in line with regional markets.
Reuters reported this morning Asian shares and currencies rallied broadly on Thursday after the Federal Reserve stunned markets and decided not to taper its asset-buying program, sending U.S. bond yields and the dollar into a tailspin.
The Fed finally decided to keep its asset buying at $85 billion a month, a major Fed protest against the tightening of financial conditions, said Alan Ruskin, global head of foreign exchange strategy at Deutsche Bank in New York.
In opening morning trade, investors in Jakarta bourse made an agressive buying on banking and property stocks, including some blue chips, but less than 30 minutes most investors opted to make a quick gains on these stocks.
IDX is said to face a morning shock in first 30 minutes of trading, as since it moved flat until the market close.
Among blue chip stocks, Astra International gained 5.19%, Charoen Pokphand rose 6.3%, Perusahaan Gas Negara increased 3.8%, Semen Gresik jumped 7.8%, and Telkom climbed 6.74%.
For property stocks, Alam Sutera soared 17.2%, Bumi Serpong Damai surged 16.08%, and Lippo Karawaci hiked 13.45%.
For banking, Bank Central Asia gained 6.9%, Bank Rakyat Indonesia lifted 7.05%, Bank Negara Indonesia jumped 9.47%, Bank Mandiri surged 6.9%, and Bank Tabungan Negara soared 11.1%.
Other gainers were Media Nusantara Citra (+7.2%), Waskita Karya (+13.56%), Wijaya Karya (+15.38%), Adhi Karya (+17.65%), and Multipolar (+12%).
Nymex’s crude oil increased 0.45% to US$107.76 per barrel. The rupiah strengthened to Rp11,278 against the US Dollar.