JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.7% at 5253 on Thursday (Jan 22) inline with regional markets.
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging euro zone economy.
Property stocks led market’s gain. Alam Sutera jumped 3.45%, Bumi Serpong Damai surged 4.13%, and Lippo Karawaci gained 2.4%.
Coal stocks also rose. Bukit Asam jumped 5.38%, Adaro Energy gained 1%, and Bumi Resources increased 1%.
Other gainers were Gudang Garam (+5.94%), Vale Indonesia (+2.34%), Indofood (+2.69%), Indocement (+3.05%), and Semen Gresik (+2%).
Construction stock were also focus of buying. PT PP jumped 4.82%, Adhi Karya rose 2.68%, Waskita Karya climbed 3.3%, and Wijaya Karya added 1.25%.
Multipolar also surged 7.33%, Pakuwon Jati hiked 4.55%, Matahari Putra Prima lifted 7.87%, and Hanson International gained 2.92%.
While BW Plantation fell 2.88%, London Sumatra lost 1.3%, Telkom declined 1.2%, Timah shed 1.26%, and Trada Maritim dropped 28.57%.
Nymex’s crude oil inched down 0.09% to US$46.34 per barrel and gold declined 0.36% to US$1,289 per ounce. The rupiah strengthened further to Rp12,451 against the US dollar.