JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.5% at 4424 this morning but profit taking emerged. Regional markets were mostly in green.
Japan’s benchmark stock-market average jumped more than 1% on Thursday on the heels of a sharp rebound rally in the U.S. Nymex’s crude oil declined 0.58% to US$45.98 per barrel in Asian trading this morning and gold fell 0.1% to US$1,132.60 per ounce.
Astra Agro gained 2.16%, Aneka Tambang rose 1%, Adaro Energy increased 1.64%, AKR Corporindo added 1.3%, Alam Sutera hiked 1.18%, Easgle High Plantation lifted 2.3%, and Charoen Pokphand jumped 3.18%.
Other gainers were Vale Indonesia (+2.65%), Intraco Penta (+4%), Indo Tambangraya (+1.45%), London Sumatra (+1.4%), Semen Indonesia (+1.66%), Timah (+3.42%), United Tractors (+3.56%), and Unilever Indonesia (+1.04%).
International credit rating agency Moody’s Investors Service is positive about Indonesian government recent decision to offer tax holidays. Indonesia had decided to cut taxes in nine pioneer industries (in an effort to boost the nation’s economic growth).
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), also has a positive view on Indonesian economic development and supports the country’s focus on the reform and developing new growth engine for the economy.