JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 1.4% to 4493 this morning inline with regional markets.
Investors recollected back stocks after recent sell-offs after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month “seems less compelling” than it was a few weeks ago, Reuters reported.
This morning (Friday) Asian markets were higher following market rally in US. Japanese stocks breached the 19,000 mark in early trade as investors digested mixed July data released before the market open, Cnbc.com reported.
Nymex’s crude oil rose 2.07% to US$43.44 per barrel in Asian trading this morning and gold increased 0.53% to US$1,128.60 per ounce.
Astra Agro gained 5.87%, Eagle High Plantation surged 6.2%, Alam Sutera jumped 5.98%, Bumi Serpong Damai hiked 6%, Charoen Pokphand lifted 6.5%, and Vale Indonesia hiked 5.65%.
Bloomberg this morning quoted the rupiah at Rp14,078 against the US dollar, down 0.2%.