JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.65% at 4457 this morning following regional markets.
Asian shares and the dollar were higher on Thursday, but investors remained cautious as another shakeout on Wall Street and oil prices suggested volatility in financial markets will continue to temper risk appetite, Reuters reported.
The searing selloff in oil markets appeared to abate in the early Asian day, though data out of the United States underlined the fragile state of the global economy and investor confidence.
Nymex’s crude oil dropped 5.97% to US$26.76 per barrel in Asian trading this morning and gold declined 0.55% to US$1,100.10 per ounce.
Adaro Energy rose 2.06%, Astra International gained 1.73%, Bank Rakyat Indonesia increased 1.82%, Bank Negara Indonesia climbed 1.34%, Eagle High Plantation hiked 1.47%, Charoen Pokphand added 1.72%, XL Axiata advanced 1.4%, Indofood gained 1.74%, Indocement rose 1,34%, Semen Indonesia hiked 1.96%, Perusahaan Gas Negara hiked 2.32%, and Lippo Karawaci lifted 2%.