JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 1.1% to 4964 at 1.45 pm Jakarta time following gains in regional markets.
Asia shares hit one-year high. Japan’s Nikkei led with 2.1% gain.
Investors collected stocks after an upbeat reading on China’s factory sector burnished risk appetite and blunted some of the more pessimistic views on the world’s second-biggest economy, Reuters reported. HSBC China flash PMI (Purchasing Managers’ Indexes) climbed to a five-month high of 49.7 in May.
In Jakarta bourse, political development also remain a concern of investors.
Among blue chip stocks, Adaro gained 1.17%, Bumi Resources lifted 1.85%, Aneka Tambang rose 1.26%, Astra International increased 1.33%, Alam Sutera hiked 2%, London Sumatra jumped 3.36%, and Telkom up 2%.
Bankin stocks also gained. Bank Rakyat Indonesia rose 3.1%, Bank Negara Indonesia increased 2.29%, and Bank Mandiri climbed 1.72%.
Other gainers were PTPP (+2.68%), Adhin Karya (+1.4%), Wijaya Karya (+1.48%), and Multipolar (+2.78%).