JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) only gained 0.23% to close at 5040, a flat close as profit taking cut earlier gain.
The index reached its peak at 5101 today, gaining by 1.5% from Friday’s close last week, on new hope over new president.
Profit taking hit some stocks such as Adaro Energy, Aneka Tambang, Astra International, Alam Sutera, Bank Rakyat Indonesia, and Adhi Karya.
Adaro Energy fell 2.04%, Bumi Resources declined 1.6%, Lippo Karawaci lost 2.43%, London Sumatra dropped 4.56%, Bank Tabungan Negara shed 1.28%, Adhi Karya down 0.18%, and Bumi Resources Minerals lost 3.59%.
Among gainers were Alam Sutera (+1.69%), Bank Mandiri (+2.02%), Timah (+3.13%), Telkom (+1.43%), Multipolar (+2.87%), Matahari Putra Prima (+4.4%), and Visi Media (+3.57%).
Global stocks climbed on Monday, with strong U.S. data and encouraging third-quarter earnings easing concerns about the pace of global economic recovery and raising appetite for riskier assets, Reuters reported. Japan’s Nikkei jumped 3.98%.
Nymex’s crude oil rose 0.12% to US$82.16 per barrel and gold increased 0.23% to US$1,241.80 per ounce. The rupiah strengthened to Rp12,041 against the US dollar.