JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) inched up 0.07% to close at 5439, but closed off its high. Trade was volatile with the index moving at range of 5432-5464 during the day trading.
Asian shares rose on Tuesday, following Wall Street’s lead, as investors speculated that weaker-than-expected U.S. data could prompt the Federal Reserve to express caution this week on the timing of a future rate hike.
Property stocks were focused of buying along with the BI Rate decision. Alam Sutera jumped 5.36%, Bumi Serpong Damai rose 2.73%, and Lippo Karawaci surged 4.15%.
Bank Indonesia’s board of governors today decided to hold its benchmark BI Rate at 7.50%.
Other gainers were Adaro Energy (+1.06%), Bumi Resources (+1.15%), Jababeka (+4.02%), Trada Maritim (+10.48%), Adhi Karya (+2.93%), and Visi media (+6.8%).
While London Sumatra fell 1.04% and Media Nusantara Citra lost 1.05%.
Nymex’s crude oil fell 1.25% to US$43.33 per barrel and gold inched down 0.02% to US$1,153 per ounce. The rupiah strengthened to Rp13,209 against the US dollar.