JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.45% at 4477 this morning following regional markets.
Asian stocks gained early on Monday, relieved after seeing Wall Street rally overnight on the back of a sharp rise in crude oil prices, Reuters reported.
This week investors wait the Fed Fund Rate policy scheduled to decide on Thursday (Jan. 28). Today Japan will release some data such as balance of trade, exports, imports, and leading economic index.
While the government of Indonesia plans to issue Islamic bonds (sukuk) through open auction mechanism tomorrow (Jan. 26), targeting to raise Rp4 trillion.
Nymex’s crude oil jumped 9.04% to US$32.20 per barrel in Asian trading this morning and gold rose 0.2% to US$1,100.40 per ounce.
Astra Agro gained 1.5%, Bank Danamon rose 2.15%, Eagle High Plantations hiked 2.2%, Indo Tambangraya jumped 3.94%, Timah climbed 2%, Bukit Asam increased 1.13%, and United Tractors gained 1.38%.