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MARKET OPENING: Indonesian stocks advances 0.39% as US Housing Data Boosts Confidence

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JAKARTA: Jakarta Composite Index increased in morning session as US housing starts jumped to the highest in almost four years, boosting the outlook for exporters

The Jakarta Composite Index increased 16.11 points or 0.39% to 4,097.75 at 09.30 local time from yesterday’s opening level of 4,081.63, while rupiah exchange rate was depreciated 16 points or 0.17% to IDR9,469 per US$.

The index moved within a range of 4,103.00 – 4,092.71. Among 451 members, 94 stocks rose, 16 stocks fell, and 341 stocks stagnant.

Leading movers:
PT Unilever Indonesia Tbk +1.91% to IDR24,050
PT Bank Danamon Indonesia Tbk +2.42% to IDR6,350
PT United Tractors Tbk +1.55% to IDR22,900
PT Bank Rakyat Indonesia Tbk +0.76% to IDR6,650

Lagging stocks:
PT Gudang Garam -1.26% to IDR58,750
PT Bank Mandiri -0.68% to IDR7,300
PT Lippo Karawaci Tbk –1.16% to IDR850
PT Mitra Adiperkasa Tbk -0.65% to IDR7,600

All sectors of the index gave positive movement, led by mining and trade sector

An index released by Bisnis Indonesia, BISNIS-27 Index also rose +0.46% or 1.59 points to 346.27 from yesterday’s opening of 344.67, after moving within a range of 346.90 - 345.39. (T03/aph)

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