JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.24% at 5145 Thursday (November 27) but trade was volatile. The index moved at range of 5134-5148 during the day trading.
Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, Reuters reported.
Aneka Tambang gained 1%, Astra International rose 1%, Alam Sutera climbed 1.96%, Bumi Serpong Damai lifted 1.2%, Bank Negara Indonesia hiked 2.1%, Jababeka added 2.6%, and London Sumatra increased 1.25%.
While Bumi Resources dropped 3.1%, Perusahaan Gas Negara fell 1.2%, and Matahari Putra Prima lost 2.6%.
Nymex’s crude oil dropped 1.86% to US$72.32 per barrel and gold retreated 0.19% to US$1,195.20 per ounce. while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded. The rupiah weakened to Rp12,179 against the US dollar.