JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.48% at 5413 on Wednesday (March 18) as investors took profits on certain stocks after recent gains.
Asian stocks shook off a slow start and rose on Wednesday, led by China shares as markets waited for the Federal Reserve’s policy statement for clues to when U.S. interest rates will rise.
Alam Sutera dropped 3.39%, Bumi Resources declined 1.14%, London Sumatera shed 2.89%, Perusahaan Gas Negara slashed 2.88%, Unilever dropped 3.85%, and Timah lost 3.03%.
While Lippo Karawaci gained 2.21%, Indofood rose 1.02%, Waskita Karya hiked 1.78%, Garuda Indonesia lifted 3%, Wijaya Karya surged 4.13%, Adhi Karya gained 1.74%, and Cipaganti soared 34.18%.
Nymex’s crude oil fell 1.89% to US$42.64 per barrel and gold declined 0.18% to US$1,146.64 per once. The rupiah strengthened further to Rp13,164 against the US dollar.