JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.1% in early morning trade today, but profit taking hit certain stocks, cutting the index’s gain.
This morning, Asian shares mostly rose while the dollar held firm after strong service-sector data and comments from a Fed policymaker boosted optimism about the United State economy and fanned expectations of a U.S. rate hike in September, Reuters reported.
Nymex’s crude oil rose 0.29% to US$45.68 per barrel in Asian trading this morning while gold declined 0.14% to US$1,084.20 per ounce.
Bank Central Asia gained 1.09%, Bank Negara Indonesia rose 2.45%, Bank Mandiri increased 2.3%, Bank Tabungan Negara climbed 1.2%, and Bank Bukopin jumped 3.08%.
Yesterday, investors also focused buying banking stcks. Foreign investors however booked net sell of Rp188.9 billion in local stocks, cutting year to date net buy to Rp3.48 trillion.