JAKARTA (Yosefardi) – Composite index of the Indonesia Stock EXchange (IDX) opened up 0.8% to 4,395 this morning, extending yesterday’s gain of almost 4% considered as a confused trading pattern as there was no change in fundamental aspects of market and domestic economy as well.
Regional markets were mixed, with India’s BSE jumped 3.8%. Nymex’s crude oil fell 0.75% to US$106.58 per barrel in Asian trading this morning.
In Jakarta bourse, Bank Negara Indonesia and Bank Mandiri advanced 1.2% and 1.9% respectively while Bank Central Asia and Bank Rakyat Indonesia retreated. Bank Tabungan Negara gained furhter 1.09%. Banking stocks gained substantially on Tuesday (Sept 10).
Telkom added 1.14%, Matahari Department Store advanced 4%, Charoen Pokphand rose 4.3%, Waskita Karya jumped 5.5%, and Wijaya Karya gained 2.8%. Profit taking Alam Sutera which lost 4.84%.