JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 1.6% at 4414 this morning, extending yesterday’s 3.2%.
Foreign investors booked net buy of Rp335.3 billion yesterday, cutting year to date net sell to Rp12.9 trillion.
Investors aggresively buy local stocks as global markets were relieved to see weak US jobs growth data at the end of last week.
Most investors now believe that the US Federal Reserve has too little scope to raise its key interest rate before the end of the year or even before the second quarter of 2016.
Meanwhile World Bank Monday released its economic growth projection for Indonesia, saying the country to have 4.7% economic growth this year and 5.3% growth next year.
This morning, Aneka Tambang gained 6%, Astra International rose 4.2%, Alam Sutera hiked 3.5%, Bank Rakyat Indonesia lifted 3%, Charoen Pokphand jumped 4.26%, XL Axiata climbed 3.65%, and Kalbe Farma surged 4.2%.