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China data helps JCI rise entering October
The Indonesia Stock Exchange (idx
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The Indonesia Stock Exchange (idx.co.id) (idx.co.id)
The Indonesia Stock Exchange (idx.co.id)
The Jakarta Composite Index (JCI) started October trading with a 0.18 percent increase, to 4,231.41. Other markets in the Asia-Pacific region rose also, with the MSCI Asia Pacific Index 0.5 percent higher at 10:42 Tokyo time.
China's newly released Purchasing Manager Index drove Asian markets up. The index climbed to 49.8 in September, according the National Bureau of Statistics, slightly above analysts' estimation at 49.7.
'Global risk sentiment is swinging between optimism and pessimism on a near-daily basis as nervous market participants ponder whether the volatility from late August is just a bad memory or will prove to be a harbinger of larger trouble down the track,' ANZ Bank New Zealand Ltd. senior economist Sharon Zollner said in a client note as quoted by kontan.co.id.
The equities markets, he continued, would likely continue move in a zigzag until there was a clear signal one way or another.
Around the region, Japan's Topix Index rose by 0.5 percent, Australia's S&P/ASX 200 index added 0.6 percent and South Korean Kospi grew by 0.3 percent.
On the Indonesia Stock Exchange (IDX), eight of 10 sectoral indices surged. The Mining Industrial Index, Finance Industrial Index and Miscellaneous Industrial Indexes led the gains with rises of 0.99 percent, 0.71 percent and 0.74 percent respectively.
Among the biggest gaining stocks were PT Asuransi Harta Aman Pratama Tbk (AHAP), which soared 11.11 percent; PT Resource Alam Indonesia Tbk (KKGI), which rose 10.29 percent; and PT Panin Insurance Tbk (PNIN), which added 9.48 percent. (ags/ebf)
