JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.5% at 5128 on Wednesday (November 19), but closed off its high as profit taking hit construction stocks. The index moved at range of 5111 to 5140 during the day trading.
Asian shares were mixed while Japanese shares shed early gains on Wednesday as investors booked profits after Prime Minister Shinzo Abe delayed a tax hike and said he would call a snap election to seek a fresh mandate for his economic policies, Reuters reported.
At Jakarta bourse, investors focused buying property stocks. Alam Sutera rose 2.38%, Bumi Serpong Damai gained 3.8%, Bukit Sentul jumped 7.69%, Pakuwon Jati surged 3.39%, Modernland Realty hiked 4%, Ciputra Development lifted 2.52%, Agung Podomoro climbed 2.1%, and Jababeka gained 2.89%.
Other gainers were Bank Central Asia (+1.9%), Adaro Energy (+1.48%), and Kalbe Farma (+2.3%). While Bumi Resources fell 1.96% and Bumi Resources Minerals declined 2.1%.
Nymex’s crude oil fell 0.73% to US$74.57 per barrel while gold inched up 0.06% to US$1,197.80 per ounce. The rupiah appreciated further to Rp12,124 against the US dollar.