JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.46% at 5098 Thursday (July 10), closed off high as profit taking hit. The index moved at range of 5072-5165 during the day trading.
The index jumped 1.72% at market opening this morning as the presidential election result held Wednesday (July 9) was inline with the market’s expectation.
The election has been held smoothly on Wednesday (July 9). Most polling agencies have declared Joko ‘Jokowi’ Widodo as Indonesia’s new president based on their respective quick counts.
Three polling agencies linked to Prabowo, however, claimed Prabowo’s lead over Jokowi. This would affect the market sentiment and investors’ mood until the official result to be announced in July 22.
Nymex’s crude oil declined 0.49% to US$101.79 per barrel while gold rose 0.99% to US$1,337.40 per ounce. The rupiah strengthened further to Rp11,549 against the US dollar.
At Jakarta bourse, Bank Rakyat Indonesia jumped 4.47%, Bank Negara Indonesia hiked 3.92%, Bank Mandiri lifted 3.2%, and Bank Tabungan Negara surged 7.14%.
While Jababeka surged 6.52%, Lippo Karawaci gained 6.88%, Perusahaan Gas Negara rose 3.17%, and Astra International gained 2.29%.
Other gainers were London Sumatra (+2.47%), Alam Sutera (+2%), Waskita Karya (+2.65%), Wijaya Karya (+2.67%), and Pakuwon Jati (+5.74%).
Bumi Resources, controlled by Bakrie Group, dropped further by 3.1%. Visi Media (Bakrie) also dropped 6.72%.
While Media Nusantara Citra of MNC Group fell 6.23%. Bakrie and MNC are big supporters of Prabowo-Hatta campaign.