JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower this morning but has regained 0.2% to 4519 after 15 minutes of trading, led by gains in banking stocks.
Asian shares on Wednesday struggled to move away from two-year lows the previous day after big falls in Chinese shares raised fresh fear about the stability of China’s economy, Reuters reported. Equity markets in China took another tumble early Wednesday.
Nymex’s crude oil fell 0.63% to US$42.85 per barrel in Asian trading this morning and gold declined 0.19% to US$1,116.40 per ounce.
Among banking stocks, Bank Rakyat Indonesia rose 1.53% and Bank Danamon gained 1.59%. On Tuesday, Bank Rakyat Indonesia dropped 4.2% and Bank Danamon dropped 10.9%.
Other gainers this morning were Adaro Energy (+1.85%), Aneka Tambang (+1.94%), Alam Sutera (+2.45%), Bumi Serpong Damai (+1.2%), Semen Indonesia (+1.52%), and Timah (+1.77%).