JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.36% at 4529 this morning inline with regional markets.
Asian stocks tracked U.S. gains, with the regional benchmark paring its second week of losses, Bloomberg reported.
Comments by Federal Reserve Bank of St. Louis chief James Bullard that the rout in energy prices may dent inflation expectations helped fuel the rally as technical signals suggested the selloff may have gone too far.
Nymex’s crude oil fell 1.35% to US$30.78 per barrel in Asian trading this morning while gold rose 0.43% to US$1,078.20 per once.
Aneka Tambang gained 2.9%, Astra International rose 1.7%, Charoen Pokphand increased 1.4%, Vale Indonesia hiked 2.46%, and Perusahaan Gas Negara lifted 1.53%.