JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.37% at 5125 on Monday (Dec 22) as profit taking hit certain stocks, including Bumi Resource. The index gained 0.35% at opening trade at morning session.
Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday as oil prices recovered, Reuters reported.
Astra International fell 1%, Sentul City shed 1.89%, Borneo Lumbung Energi dropped 10.17%, Bumi Serpong Damai slashed 1.91%, Lippo Karawaci lost 3.4%, Jababeka slipped 1%, and London Sumatra declined 1.3%.
Other losers were Bank Tabungan Negara (-2.87%), Global Mediacom (-2.42%), Pakuwon Jati (-3.7%), Hanson International (-4.41%), MNC Investama (-5.56%), and Berau Coal (-1.49%).
While Bumi Resources gained 9.86%, Bank Negara Indonesia rose 1.24%, Kalbe Farma increased 1,39%, Timah added 1.28%, and Waskita Karya climbed 2.26%.
Nymex’s crude oil inched rose 1.1% to US$58.87 per barrel and gold inched up 0.07% to US$1,196.80 per ounce. The rupiah strengthened further to Rp12,435 against the US dollar.
This week, the trading will be closed for Thursday and Friday for Christmas celebration day. As some investors might have taken their holidays, trading in stocks this week would be quiet but the volatility remain to persist though limited.