JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.7% at 5328 this morning inline with regional markets.
Markets across Asia posted sharp gains as traders responded to a sudden surge in crude oil prices and optimism Greece will forge an agreement with its creditors, Reuters reported.
Nymex’s crude oil fell 1.55% to US$52.23 per barrel in Asian trading this morning while gold increased 0.1% to US$1,261.70 per ounce.
Adaro Energy rose 1.5%, Alam Sutera gained 1.65%, Bank Negara Indonesia rose 2.33%, Bumi Serpong Damai hiked 1.2%, BW Plantation lifted 1.15%, and Jababeka climbed 1.64%.
Adhi Karya also gained 1.45%, Media Nusantara Citra rose 1.7%, Waskita Karya jumped 2.46%, Wijaya Karya increased 1.3%, Multipolar hiked 1.23%, and Pakuwon Jati lifted 2.23%.
However, on political front, investors at the Jakarta bourde are now seeing the development of the recent conflict between the National Police and the Corruption Eradication Commission (KPK).