JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.53% at 4,072 Friday (Sep 6) but trade was volatile.
The index opened higher at morning but selling pressure hit, turned it into negative territory. Investors started collecting stocks in afternoon trade and helped the index to regain.
Profit taking hit again and the index returned to negative at around 15.40 pm Jakarta time. One hour ahead of market close, investors bought back stocks, helping the index to end higher.
Most regional markets also closed in green with India’s BSE gained 1.24%.
In Jakarta bourse, Astra Internaational rose 2.7%, Bank Central Asia increased 2.3%, Aneka Tambang jumped 4.35%, Charoen Pokphand surged 6.8%, Japfa Comfeed climbed 3.8%, and Perusahaan Gas Negara gained 2.94%.
Among losers were Alam Sutera (-2.13%), Bank Negara Indonesia (-1.43%), Bank Mandiri (-1.47%), Kalbe Farma (-3.1%), Media Nusantara Citra (-2.65%), Wijaya Karya (-2.96%), Multipolar (-10.96%), Bumi Resources Minerals (10.22%), and Telkom (-0.5%).
Nymex’s crude oil regained 0.29% to US$108.68 per barrel. The rupiah weakened further to Rp11,200 against the US Dollar. (yohanneso@yosefardi.biz)