JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.5% to 4432 at early trade this morning but profit taking hit some stocks.
Asian markets traded higher on Wednesday, taking cues from a strong finish on Wall Street overnight, Cnbc.com reported.
Analysts believe the rally in U.S. and Europe indicates markets are fully pricing in the expected Federal Reserve interest rate hike; the Fed’s decision is due on Thursday.
Nymex’s crude oil fell 1.3% to US$36.87 per barrel in Asian trading this morning while gold increased 0.18% to US$1,063.50 per ounce.
Perusahaan Gas Negara gained 2.9%, Bukit Asam rose 2.7%, Vale Indonesia increased 2%, Indofood CBP hiked 1.85%, and Alam Sutera lifted 1.85%. While Astra International fell 1.6%, Bank Danamon dropped 2%, and United Tractors fell 2.27%.