JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.51% at 5478 on Monday (March 2) following regional markets.
Asian stocks edged higher on Monday as China’s weekend interest rate cut partially offset soft U.S. data, Reuters reported.
At Jakarta bourse, investors’ buying mood was supported by February 2015 deflation report.
The Central Bureau of Statistics (BPS) revealed on Monday (March 2) that February 2015 deflation was 0.36%, compared to 0.24% deflation in January 2015.
The deflation in February was affected by the fuel prices decline, lower tariff of city transportation, and chili price decline.
Coal stocks led the market’s gain. Adaro Energy jumped 6.25%, Bumi Resources hiked 6.67%, and Berau Coal gained 3.75%.
Other gainers were Astra Agro (+3.65%), Kalbe Farma (+1.39%), London Sumatra (+1.86%), Perusahaan Gas Negara (+1.92%), Matahari Putra Prima (+2.99%), and Garuda Indonesia (+1.9%).
While Alam Sutera fell 1.49%, Timah declined 1.47%, Adhi Karya shed 1.02%, Visi Media dropped 6.09%, and Pakuwon Jati lost 1.82%.
Nymex’s crude oil retreated 1.19% to US$49.17 per barrel while gold rose 0.4% to US$1,218 per ounce. The rupiah weakened to Rp12,993 against the US dollar.