JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.8% to 4,414 this morning, to tracking regional markets.
Most markets in the region rallied in Asia on Monday (Sept 16) after Lawrence Summers dropped from the race to be head of the Federal Reserve, while progress on Syria also shored up risk appetite, Reuters reported.
Composite index of the Indonesia Stock Exchange (IDX) has on the rebound after Bank Indonesia, central bank, raise BI Rate to 7.25%.
BI Rate hike might help rupiah, control inflation, and improve current account, as well as to respond expected effects of QE tapering, some analysts said.
Alam Sutera gained 5%, Astra International rose 2.4%, BW Plantation increased 2.4%, Timah hiked 2.07%, Bank Tabungan Negara lifted 2.08%, Matahari Department Store jumped 3.3%, Wijaya Karya climbed 2.66%, Waskita Karya advanced 3.39%, Global Mediacom surged 3.3%, and Japfa Comfeed gained 2.07%.