JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.9% at 5390 on Wednesday (Feb 18) but closed off its high as profit taking emerged.
The index moved at range of 5372-5415 during the trading. The benchmark BI Rate cut and the cancellation of Budi Gunawan’s swearing in as new Police Chief have spurred the buying sentiment for local stocks.
Asia shares also gained on reduced Greek pessimism, Reuters reported.
At Jakarta bourse, investors focused buying property and banking stocks. Alam Sutera jumped 5.56%, Sentul City surged 5.79%, Bumi Serpong Damai hiked 5.2%, and Lippo Karawaci lifted 4.93%.
For banking stocks, Bank Rakyat Indonesia gained 3.96%, Bank Negara Indonesia rose 3.76%, Bank Tabungan Negara climbed 3.47%, and Bank Pembangunan Jawa Timur gained 3.81%.
Other gainers were Jababeka (+3.15%), Matahari Department Store (+8.28%), and Matahari Putra Prima (+2.79%).
Nymex’s crude oil fell 1.3% to US$52.82 per barrel while gold inched up 0.07% to US$1,209.40 per ounce. The rupiah weakened further to Rp12,804 against the US dollar.