JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.4% to 5465 this morning to tracking regional markets.
Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel solid gains on Wall Street, Reuters reported. Nymex’s crude oil rose 2% to US$46.57 per barrel in Asian trading this morning and gold increased 1.1% to US$1,184.60 per ounce.
Adaro Energy gained 1.58%, Aneka Tambang rose 2.26%, Astra International increased 1.85%, Bumi Resources hiked 1.1%, and Unilever Indonesia lifted 1.3%. While London Sumatra fell 1.1%, Garuda Indonesia declined 0.6%, and Multipolar lost 1.5%.
During last week, IDX gained 0.31%, led by property & real estate which rose 2.93%, finance (+1.48%), and miscellanous industry (+2.21%). While investors focused selling basic industry stocks (-2.26%), consumer goods (-1.17%), and infrastructure (-0.92%). Foreign investors’ net sell totaled Rp1.99 trillion last week.