JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed flat, inched up 0.05%, at 5451 on Thursday (March 5), reversed earlier gains.
Trade was volatile as the index moved at range of 5451-5476 during the day trading.
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday’s closely-watched U.S. jobs data, Reuters reported.
Adaro Energy gained 2.03%, Timah jumped 3.98%, Bank Tabungan Negara rose 1.32%, and Aneka Tambang increased 1%.
While Alam Sutera fell 1.6%, Bumi Resources declined 1.04%, Kalbe Farma shed 1.63%, Global Mediacom slashed 2.83%, Pakuwon Jati lost 2.8%, Matahari Putra Prima dropped 3.79%,
The rupiah weakened further to Rp13,022 against the US dollar, the lowest since July 1998 when the financial crisis hit the country. Year to date, the rupiah has fallen 4.6%.
Some market observers said the stronger dollar, supported by improving US economy, have affected the depreciation of other global currencies, including the rupiah.
Nymex’s crude oil rose 0.54% to US$51.81 per barrel while gold retreated 0.06% to US$1,200.20 per ounce.