JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.44% at 5315 on Wednesday (Feb 4), but closed off its high as profit taking hit certain stocks. The index moved at range of 5298-5348 during the day trading.
Asian shares took Wall Street’s lead to reach three-month peaks on Wednesday as revived risk sentiment dented the U.S. dollar and sovereign bonds, though it was unclear how long this latest mood swing would last, Reuters reported.
Adaro Enery gained 1%, Astra International rose 1.3%, Bank Central Asia hiked 2.96%, Bank Negara Indonesia lifted 1.17%, and Perusahaan Gas Negara climbed 3.37%.
Other gainers were Media Nusantara Citra (+3.24%), Global Mediacom (+1.63%), Pakuwon Jati (+1%), and Visi Media (+1.16%.
While Adhi Karya dropped 10.26%, Waskita Karya lost 3.28%, and Wijaya Karya shed 4.19%. Investors sold these state construction stocks to lock in profits after recent substantial gains.
Multipolar also fell 2.45%, Alam Sutera declined 1.65%, Bumi Serpong Damai slashed 2.15%, and Bumi Resources slipped 1.92%.
Nymex’s crude oil fell 1.56% to US$52.22 per barrel while gold increased 0.34% to US$1,264.60 per ounce. The rupiah strengthened further to Rp12,609 against the US dollar.