Foreign investors bought Indonesian bank stocks, including the
world's biggest micro lender PT Bank Rakyat Indonesia,
sending the Jakarta composite index to its highest level in more
than three months.
Foreign investors were net buyers of 92.8 billion rupiah
($9.78 million) worth of Indonesian shares in the first session
trading on Thursday. The Jakarta composite index rose
0.38 percent to 4176.35, its highest level since May 9, in its
first day of trading after Eid al-Fitr holiday.
Bank Rakyat gained 2.1 percent, Bank Negara Indonesia
rose 1.96 percent, while Bank Mandiri edged
up 1.8 percent, by 0618 GMT.
"Banks is the obvious pick at the moment as it directly
affected into the economy as we see some positive signals from
the United States to help boost growth," said a local trader in
Asian shares rose on Thursday as Federal reserve's minutes
from July 31-Aug. 1 meeting showed it was likely to deliver
another round of monetary stimulus "fairly soon" unless incoming
data points to "substantial and sustainable" strengthening in
By 0127 p.m. (0627 GMT), the broader Jakarta Composite Index
was up 0.38 percent.
(Reporting by Jakarta Bureau)