JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.2% this morning but profit taking emerged. Asia shares climbed on Friday as China’s markets stabilized and Greece issued a reform plan, Reuters repoted.
Nymex’s crude oil rose 0.19% to US$52.88 per barrel in Asian trading this morning while gold inched down 0.03% to US$1,158.90 per ounce.
AKR Corporindo gained 1.4%, Bumi Resources rose 1.75%, XL Axiata increased 1.09%, Jasa Marga hiked 1.32%, Jababeka lifted 1.54%, Multipolar climbed 2.42%, Pakuwon Jati gained 1.5%, and Waskita Karya rose 1.69%. While Astra International fell 1.13% and Hanson International lost 1.38%.
The government will soon issue the economic stimulus package for business sector this year, to encourage the business players who have been investing in Indonesia and to attract foreign investors to invest in the country, both through direct investment and portfolio investment.
With this stimulus, President Joko “Jokowi” Widodo is optimistic the Indonesian economy to grow by more than 5% this year. Indonesian economy grew by 4.71% in the first quarter of this year, lower than 5.14% in the same period of last year.