JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.72% to US$5167 this morning following gains in regional markets.
Wall Street also rallied with participants citing a report in the Wall Street Journal as indicating the Fed could be less hawkish than markets have been expecting, as investors try to divine when the central bank will hike interest rates, Reuters reported.
The Fed began its two-day policy meeting on Tuesday, and while it has said it doesn’t expect to raise rates until 2015.
Nymex’s crude oil declined 0.2% to US$94.69 per barrel in Asian trading and gold fell 0.1% to US$1.238.80 per ounce.
At Jakarta bourse, Adaro Energy gained 2.36%, Aneka Tambang rose 1.32%, Alam Sutera increased 1%, Bank Negara Indonesia hiked 1.79%, Bumi Serpong Damai lifted 1.32%, Bumi Resources climbed 1.07%, and Jababeka gained 1.52%.