JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.3% to 5242 on Friday (Jan 2), first trading day for 2015, but closed off its high as profit taking hit certain stocks.
Indofood surged 10.37% following report that it might sell Minzhong Food.
China Minzhong Holdings Limited has notified China Minzhong Food Corporation Limited about a plan to acquire 52.94% shares from INDF for S$416.4 million, equivalent Rp3.9 trillion.
Meanwhile shares of coal miner Berau Coal jumped 7.94% after report it has won an arbitration tribunal in Singapore against its former CEO Rosan P Roeslani.
Berau Coal, controlled by London-listed Asia Resource Minerals Plc, has been struggling to refinance its US$450 million Notes due next July.
Property stocks also gained. Alam Sutera rose 3.57%, Bumi Serpong Damai increased 3.32%, and Sentul City hiked 5.77%.
Bumi Resources lifted 8.75%, Jababeka climbed 4.07%, and AKR Corporindo jumped 9.2%
Other gainers were Adhi Karya (+2.73%), Pakuwon Jati (+4.85%), and Matahari Putra Prima (+1.64%).
While Visi Media fell 2.1%, Bumi Resources Minerals dropped 8.57%, and Aneka Tambang declined 1.88%,
Nymex’s crude oil rose 0.34% to US$53.45 per barrel and gold increased 0.1% to US$1,185.30 per ounce. The rupiah weakened further to Rp12,474 against the US dollar.