JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.27% at 4615 Friday (Jan. 29) but trade was very volatile. The late buying helped IDX to regain. The index reached its bottom at 4568.
Asian shares jumped and the yen swooned after the Bank of Japan stunned markets on Friday by adopting negative interest rates in its boldest step yet to reinflate the economy, Reuters reported.
Astra International gained 3.2%, Bank Danamon soared 19.06%, XL Axiata jumped 8.09%, Vale Indonesia rose 4.33%, Indofood Sukses climbed 3.8%, Semen Indonesia hiked 3.27%, Bukit Asam lifted 3%, United Tractors gained 3.73%, and Telkom increased 2.45%.
Nymex’s crude oil rose 1.9% to US$33.85 per barrel in while gold fell 0.3% to US$1,112.30 per ounce. Rupiah strengthened to Rp13,846 against the US dollar.