JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.26% at 5324 this morning following regional.
Asia shares rose after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, Reuters reported.
Nymex’s crude oil rose 0.3% to US$57.45 in Asian trading this morning and gold increased 0.13% to US$1,206.70 per ounce.
Astra Agro gained 1.7%, Adaro Energy rose 1.1%, Aneka Tambang increased 1.25%, Bumi Resources climbed 1.1%, Charoen Pokphand hiked 1.26%, Lippo Karawaci lifted 1.49%, and Unilever Indonesia gained 1.34%.
While Indocement dropped 4.3%, Timah fell 1.1%, and Bukit Asam lost 1.15%.
Foreign investors returned to buy local stocks on Thursday and booked net buy of Rp323 billion, bringing year to date net buy to Rp8.79 trillion. Foreign net buy has reached its peak at Rp19 trillion year to date but since then foreign investors opted to offload.
Standard & Poor’s Rating Services (S&P) has on Thursday (May 21) revised the outlook on the long-term sovereign credit ratings on Indonesia to positive from stable.