JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.2% at 5035 but trade was very volatile. The index moved at range of 5021-5059 during the day trading.
An uneasy hush settled over Asian markets on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds.
At Jakarta bourse, Bumi Serpong Damai jumped 6.3%, Bank Mandiri gained 3.67%, Bank Rakyat Indonesia rose 2%, Alam Sutera increased 1.96%, London Sumatra hiked 1.34%, and Timah climbed 2.15%.
Other gainers were Media Nusantara Citra (+5.14%), Bank Tabungan Negara (+3.04%), and Waskita Karya (+2.94%). Newly listed Impact Pratama gained 50% to Rp5700 per share.
While coal stocks were the focus of selling today. Berau Coal dropped 11.29%, Bumi Resources lost 9.52%, and Bumi Resources Minerals fell 5.04%. Trada Maritim also dropped 12.06%.
Nymex’s crude oil fell 1.19% to US$56.48 per barrel while gold rose 0.3% to US$1,197.90 per ounce. The rupiah strengthened to Rp12,720 against the US dollar.