JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.3% to 5455 this morning in line with regional markets.
Asian shares shook off early losses on Friday, underpinned by overnight gains on Wall Street, while the dollar steadied after its recent rally ran out of steam on disappointing retail sales data, Reuters reported.
Nymex’s crude oil rose 0.34% to US$47.21 per barrel in Asian trading this morning and gold increased 0.47% to US$1,159.10 per ounce.
Adhi Karya gained 1.28%, Waskita Karya rose 1.18%, Pakuwon Jati hiked 1.83%, Matahari Putra Prima lifted 1.43%, and Bumi Resources Minerals climbed 2.09%.
Amid concern about the capital outflow, as domestic political development is worsening, Indonesia remain offers an attractive investment return as year to date, the composite index gained 4.1%, ranked 5 among the global indexes, while government bonds (10 years tenor) offers investment yield of 7.5%, far high compared to Malaysia (3.96%), China (3.52%), Thailand (2.8%), Singapore (2.53%), United States (2.12%), and Japan (0.47%).
Meanwhile Bank Indonesia (central bank) expects Indonesia to record a trade surplus of US$500 million in February 2015, lower than US$710 million surplus in January 2015. Growing export of manufacture and higher prices of some commodities including crude palm oil (CPO), coupled with lower fuel import, would support the trade surplus last month. Bank Indonesia schedules to release the detail on export and import for February in March 25/26.