JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 1.52% at 4367 Thursday (Nov 14), led by banking stocks. Regional markets also supported.
Asian stocks bounced from six-week lows on Thursday, spurred by Federal Reserve Vice Chair Janet Yellen’s dovish comments which suggested the U.S. economy could count on stimulus support for a longer period than markets anticipate, Reuters reported.
In Jakarta bourse, among blue chip stocks, Adaro Energy gained 3.5%, Bank Rakyat Indonesia jumped 4.1%, Bank Negara Indonesia surged 3.57%, Bank Mandiri soared 6%, Bumi Serpong Damai hiked 6.6%, BW Plantation lifted 3.39%, London Sumatra rose 6.43%, and Telkom up 2.35%.
Other gainers were Adhi Karya (+4.8%), Charoen Pokphand (+2.76%), Media Nusantara Citra (+3.16%), Waskita Karya (+3.12%), Wijaya Karya (+3.64%), and Bank Bukopin (+3.23%).
Among losers were Cipaganti (-13.33%), Visi Media (-1.89%), and Perusahaan Gas Negara (-1.5%).