JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 4.55% at 4430 Thursday following regional and Wall Street.
China’s SSE jumped 5.34%, Hong Kong’s Hang Seng rose 3.6%, and Japan’s Nikkei increased 1.08%. Wall Street’s Dow Jones gained 3.95% Wednesday.
Investors recollected back stocks after recent sell-offs after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month “seems less compelling” than it was a few weeks ago, Reuters reported.
Leading gaining stocks were Astra Agro (+10.48%), Eagle High Plantation (+9.55%), Alam Sutera (+8%), Band Danamon (+10.36%), Bank Negara Indonesia (+9.9%), Bumi Serpong Damai (+11.7%). Charoen Pokphand (+15.36%), Vale Indonesia (+10.1%), Indofood (+9.5%), Jababeka (+9.2%), and Unilever (+6.9%).
Nymex’s crude oil rose 3.7% to US$40.03 per barrel and gold inched up 0.07% to US$1,125.40 per ounce. The rupiah weakened further to Rp14,128 against the US dollar.