JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.69% at 4730 this morning following Wall Street’s gain on Thursday (March 20).
U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen’s comments that had fueled speculation of an earlier-than-expected rate hike by the central bank, Reuters reported.
IDX tumbled 2.54% Thursday (March 20) as market sentiment was hit by concern over the US rate hike. Japan’s Nikkei, Hong Kong’s Hang Seng, and Australia’s All Ordinaries also fell more than 1%.
Nymex’s crude oil declined 0.35% to US$98.55 per barrel in Asian trading while gold increased 0.17% to US$1,332.70 per ounce.
This morning, Adaro Energy gained 2.08%, Astra International rose 1.66%, Alam Sutera increased 1.59%, Bumi Serpong Damai hiked 1.54%, and Perusahaan Gas Negara lifted 1%.