JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher by 4.67% to 4,670 this morning inline with regional markets.
Reuters reported this morning Asian shares and currencies rallied broadly on Thursday (Sept 18) 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 Asia region this morning, Hong Kong’s Hang Seng gained 1.74%, Malaysia’s KLSE rose 1.04%, Singapore’s Straits Times lifted 1.8%, and Australia’s All Ordinaries gained 1%. Japan’s Nikkei increased 0.87%.
In Jakarta bourse, among blue chip stocks, Astra International jumped 11%, Charoen Pokphand surged 10.76%, Kalbe Farma hiked 7.58%, Semen Indonesia climbed 11.35%, and Telkom gained 7.87%.
Banking stocks were also focus of buying; Bank Central Asia (+18.8%), Bank Negara Indonesia (+15.98%), Bank Rakyat Indonesia (+10.26%), and Bank Mandiri (+13.29%).
Among property stocks, Alam Sutera soared 22.4%, Bumi Serpong Damai surged 27.27%, and Lippo Karawaci jumped 7.56%.