JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.11% at 4870 Tuesday (April 15) but closed off its high as profit taking hit. The index moved at range of 4863 to 4893.
Risk appetite faded on financial markets on Tuesday, with shares weaker and bonds firmer as investors weighed up tensions between Russia and Ukraine, downbeat sales reports and signs of slowing growth in China, Reuters reported.
In Jakarta bourse, profit taking hit Vale Indonesia (INCO) and Timah (TINS. Both stocks gained 5% and 3% at the early morning trade. But INCO only gained 0.29% at market close while TINS ended flat.
Aneka Tambang lost 1.78%, reversing its morning gain of 2.2%. Bank Rakyat Indonesia and Bank Negara Indonesia also gained 0.77% and 0.91% respectively. At early morning trade both stocks gained 1.28% and 1% each.
Other gainers were Bumi Serpong Damai (+2.92%), London Sumatra (+2.67%), Waskita Karya (+3.5%), Multipolar (+3.3%), and Pakuwon Jati (+3.77%).
Meanwhile investors focused selling shares of giant coal PT Bumi Resources Tbk (BUMI), then the stock plummeted 11.69% to Rp204 with over 81.46 million shares traded. Other coal stock, Adaro Energy also lost 3.96%.
Media report saying the local government of East Kalimantan province plans to curb export of crude palm oil (CPO) and coal next year hardly hit sentiment on coal stocks.
Nymex’s crude oil declined 1.02% to US$102.99 per barrel and gold fell 1.22% to US$1,311.30 per ounce. The rupiah strengthened slightly to Rp11,434 against the US Dollar.