JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 1.35% at 5032 on Tuesday (November 11), led by infrastructure stocks.
Japanese shares outperformed in Asia on Tuesday, with the Nikkei stock average rising to a 7-year high on speculation PM will delay tax hike.
In Jakarta bourse, investors focused buying infrastructure stocks. Telkom gained 3.2%, Perusahaan Gas Negara climbed 3%, Waskita Karya jumped 4.2%, and Wijaya Karya surged 4.1%.
Other gainers were Astra International (+2.2%), Bank Central Asia (+2.2%), Bank Rakyat Indonesia (+2.3%), Bank Negara Indonesia (+2.2%) Bank Mandiri (+2.2%), Kalbe Farma (+2.4%), London Sumatra (+2.4%), and Adhi Karya (+2.6%).
Nymex’s crude oil fell 0.96% to US$76.66 per barrel and gold declined 0.91% to US$1,149.30 per ounce. The rupiah weakened again to Rp12,163 against the US dollar.