Jakarta. Indonesia’s benchmark Jakarta Composite Index (JCI) opened higher on Thursday, rebounding after yesterday’s decline as investors looked for fresh cues from domestic liquidity data.

The index gained 27.33 points, or 0.34 percent, to 8,179.88 in the first trading session, moving within the 8,168–8,196 range.

More than 313.93 million shares changed hands early in the session, valued at Rp 251.77 trillion ($15.1 billion)  across 32,630 transactions. Of the traded stocks, 229 advanced, 91 declined, and 274 remained unchanged.

According to BRI Danareksa Sekuritas, the JCI previously closed 1.04 percent lower at 8,152 despite a net foreign buy of Rp 169 billion in the regular market. The weakness followed Bank Indonesia’s decision to hold its benchmark rate at 4.75 percent, contrary to market expectations of a 25 basis point cut.

Investors are now awaiting the release of Indonesia’s M2 money supply data, which could provide additional direction for the market.

Two oil palm plantation stocks surged to the top gainers’ list. Jhonlin Agro Raya (JARR) jumped 20 percent to Rp 4,680, while Pradiksi Gunatama (PGUN) hit the upper auto-rejection limit (ARA), soaring 19.8 percent to Rp 18,000.

Overnight, Wall Street retreated as tech shares dragged down major indexes. The S&P 500 fell 0.5 percent, the Dow Jones lost 334 points (0.7 percent), and the Nasdaq slipped 0.9 percent, weighed by Netflix’s 10 percent plunge following weaker-than-expected quarterly earnings.

Tracking the US selloff, Asia-Pacific markets opened lower: Japan’s Nikkei dropped 441 points (−0.90 percent) to 48,866, South Korea’s Kospi fell 1.25 percent, Hong Kong’s Hang Seng slipped 0.24 percent, and China’s Shanghai SSE edged down 0.23 percent.

On a side note, the Indonesia Stock Exchange (IDX) said it is monitoring Unusual Market Activity (UMA) in five listed companies, Sunson Textile Manufacture (SSTM), City Retail Developments (NIRO), Grand House Mulia (HOMI), Mineral Sumberdaya Mandiri (AKSI), and Diagnos Laboratorium Utama (DGNS) after the stocks recorded unusual price movements. IDX urged investors to consider issuers’ responses to the UMA inquiry and to closely review their performance and disclosures.

In a parallel action, the IDX lifted the trading suspension on two stocks, Wahana Pronatural (WAPO) and Globe Kita Terang (GLOB), allowing investors to resume transactions in both shares starting in Thursday’s first session, in the regular and cash markets.

Add as a preferred source on Google +