JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.49% at 4343 on Tuesday (Jan 28), reversing early morning losses. The index however closed off its high, moved at range of 4293 to 4353.
Regional markets closed in mixed amid persistent concerns that slower growth in China and reduced U.S. monetary stimulus could hurt some emerging economies dependent on exports and foreign capital.
In Jakarta bourse, Bank Negara Indonesia and Bank Central Asia regained by 2.6% and 2% respectively. Property stock Bumi Serpong Damai rose 2.99% and Alam Sutera gained 1.01%. Kalbe Farma jumped 3.69%, the most actively traded stock.
Other gainers were Adhi Karya (+1.18%), Waskita Karya (+1.98%), Wijaya Karya (+1.36%), and Matahari Putra Prima (+2.07%).
Among losers were Adaro Energy (-3.1%), London Sumatra (-3.82%), and Bank Rakyat Indonesia (-0.9%).
Nymex’s crude oil increased 0.4% to US$96.11 per barrel while gold declined 0.6% to US$1,255.70 per ounce. The rupiah weakened further to Rp12,267 against the US Dollar.