JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.4% at 4195 this morning extending yesterday’s gain as the release of economic policy package, phase 2, spurred the buying sentiment in local stocks.
This early morning trade, Asian stocks mostly stabilized from the carnage in the previous session, mirroring the finish on Wall Street overnight, Cnbc.com reported.
Nymex’s crude oil fell 1.04% to US$44.76 per barrel in Asian trading this morning and gold declined 0.3% to US$1,123.40 per ounce.
Bank Rakyat Indonesia gained 2.4%, Astra Agro rose 1.1%, Alam Sutera increased 1.27%, Bank Negara Indonesia hiked 1.97%, Bank Mandiri lifted 1.6%, and Eagle High Plantations jumped 3.5%.
Other gainers were Vale Indonesia (+1.48%), London Sumatera (+1.4%), Timah (+1.67%), Matahari Department Store (+2.6%), Bank Tabungan Negara (+1%), Media Nusantara Citra (+1.3%), Global Mediacom (+3.45%), Nirvana Development (+8.2%), and Garuda Indonesia (+1.67%).