JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.85% to 5113 Wednesday (JUly 16), but closed off high as profit taking hit. The index moved at range of 5076-5132.
The index has gained 1.4% this week as investors anticipate confirmation of new president for the republic in the coming days. Real count at districts level pointed to Jokowi’s win in the margin of 5% over Prabowo.
Stocks rose in Europe on Wednesday after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted, Reuters reported.
At Jakarta bourse, Jababeka jumped 8.1%, Alam Sutera gained 3.92%, Kalbe Farma surged 3.77%, and Perusahaan Gas Negara hiked 3.06%.
Other gainers were Bank Negara Indonesia (+1.48%), Bumi Serpong Damai (+1.84%), BW Plantation (+1.33%), Vale Indonesia (+4.4%), and Lippo Karawaci (+1.74%).
Nymex’s crude oil rose 0.64% to US$100.50 per barrel and gold inched up 0.08% to US$1,298.10 per ounce. The rupiah weakened further to Rp11,805 against the US dollar.