JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.19% at 4922 Tuesday (October 14), but closed off high as profit taking hit certain stocks. The index moved at range of 4900-4941 during the day trading.
Regional and global markets also mostly closed in red amid deepening worries over the health of the global economy. Japan’s Nikkei dropped 2.38% Tuesday.
BW Plantation jumped 11.54% after its recent sharp drop following the company’s plan to issue new shares at substantial discount to acquire plantation assets of Rajawali Corpora.
Matahari Putra Prima also surged 10.09%. Alam Sutera gained 1.14%, Bumi Serpong Damai rose 1.39%, and Perusahaan Gas Negara increased 1.75%.
Other gainers were Bank Tabungan Negara (+1.85%), Adhi Karya (+2.34%), Waskita Karya (+2.4%), and Wijaya Karya (+3.28%).
While coal stocks were focus of selling. Bumi Resources fell 2.99%, Berau Coal lost 2.78%, Bumi Resources Minerals dropped 4.92%, and Borneo Lumbung shed 4.05%.
Nymex’s crude oil declined 0.98% to US$84.90 per barrel while gold increased 0.28% to US$1,233 per ounce. The rupiah strengthened to Rp12,195 against the US dollar.