JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.8% to 4,226 this morning, led by banking stocks.
Regional markets also supported sentiment. Japan.s Nikkei and India’s BSE gained more than 1%. Nymex’s crude oil declined 0.88% to US$108.56 per barrel in Asian trading this morning.
Bank Rakyat Indonesia surged 4.17%, Bank Mandiri jumped 3.6%, Bank Negara Indonesia soared 6.16%, Bank Central Asia lifted 2.14%, Bank Tabungan Negara gained 1.1%, and Bank Bukopin increased 1.69%.
Investors focused buying on banking stocks on expectation central bank (BI) might raise BI Rate to 7.5% on BI governors meeting scheduled on Thursday this week.
Other gainers were Waskita Karya (+5.15%), Global Mediacom (+2.37%), Multipolar (+4.55%), Alam Sutera (+3.9%), Bumi Serpong Damai (+3.2%), Kalbe Farma (+3%), and Telkom (+2.4%).