JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.16% at 5165 on Tuesday (August 19), closed off its high as profit taking hit certain stocks. The index moved at range of 5160-5178 during the day trading.
Investors keep buying local stocks as they are optimistic new president elect Joko Widodo will soon do for the structural reform on infrastructure sector, bureaucracy, and human capital. Foreign net buy now reaches more than Rp55.99 trillion, new record high.
Among blue chips, Jababeka gained 1.8% and London Sumatra rose 2.23%.
Media Nusantara Citra also hiked 2.24%, Waskita Karya lifted 1.65%, Wijaya Karya climbed 1.58%, Global Mediacom added 2.36%, Multipolar advanced 1.88%, Matahari Putra Prima gained 1.8%, Hanson International up 2.42%, and Visi Media rose 2.13%.
Among the losers were Bumi Resources (-1.08%), Telkom (-0.9%), and Bank Central Asia (-0.85%).
Global stocks rose and core bonds barely moved on renewed investor appetite for risk on Tuesday, driven by a lack of escalation of the Ukraine crisis and upbeat U.S, Reuters reported.
Nymex’s crude oil rose 0.4% to US$94.16 per barrel and gold increased 0.2% to US$1,301.90 per ounce. The rupiah was traded flat at Rp11,682 against the US dollar.