JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.48% at 4530 this morning following regional markets.
Asian stocks rose after a U.S. employment report boosted optimism in the world’s largest economy, with Japanese shares climbing as a weaker yen sent exporters higher, Reuters reported.
For the second week of this month, the window dressing would be the main factor supporting the index to gain. Foreign investors booked net buy of Rp182.48 billion Friday last week, cutting year to date net sell to Rp22.18 trillion. The government’s economic policy package (part 7) also support the market sentiment.
AKR Corporindo gained 4%, Indocement rose 3%, and London Sumatra increased 4.3%.