JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) inched up 0.02% to close at 5144 Monday, regaining ground as it opened lower by 0.43%. The index moved at range of 5117-5148 during the day trading.
While regional and global markets fell on Monday after China’s factory output grew at the weakest pace in nearly six years in August, Reuters reported.
Astra International gained 1.04%, Bumi Resources rose 2.7%, Lippo Karawaci increased 1.5%, Matahari Putra Prima hiked 1.72%, Visi Media lifted 2.47%, and Bumi Resources Minerals gained 1.25%.
Among losers were Adaro Energy (-2.3%), Bank Rakyat Indonesia (-1.42%), Bumi Serpong Damai (-1.94%), Jababeka (-1.47%), and Waskita Karya (-1.14%).
Nymex’s crude oil fell 0.78% to US$91.55 per barrel while gold rose 0.32% to US$1,238.80 per ounce.
Meanwhile the rupiah dropped 1.26% to Rp11,971 over the US dollar, according to Bloomberg.com. While Bank Indonesia, central bank, set mid rate of Rupiah at Rp11,875 against the US dollar Monday (September 15).
Finance minister Chatib Basri however is optimistic the rupiah will recover as current weakness over the US dollar is mainly due to concern over the Fed rate hike. The Federal Reserves will decide on its benchmark Fed rate this week