JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.52% at 5397 on Friday (March 27), regained from its early morning loss. Asian stocks closed mixed as Mideast worries lingered.
Alam Sutera gained 2.86%, Sentul City jumped 5.3%, Bumi Resources rose 1.2%, London Sumatra climbed 4.24%, and Perusahaan Gas Negara hiked 1.5%.
Other gainers were Bank Tabungan Negara (+1.24%), Waskita Karya (+1.78%), and Multipolar (+2.19%).
The rupiah weakened further to Rp13,064 against the US dollar.
Nymex’s crude oil dropped 2.14% to US$50.33 per barrel and gold fell 0.59% to US$1,197.70 per ounce.
Crude oil prices were lower due to the dollar’s bounce and as investors reassessed the potential impact of the escalating conflict in Yemen, where Saudi Arabia and allies carried out air strikes on Iranian-backed Houthi rebels on Thursday, Reuters reported.