JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.23% at 5239 on Monday (May 18) but trade was volatile. The index moved up and down during the trading.
While Asian stocks closed mixed Monday on China housing data. Investors’ confidence wavered following data that showed further declines in China’s house prices, cnbc.com.
Bank Rakyat Indonesia gained 1.69%, Sentul City jumped 6.93%, Bank Mandiri rose 1.37%, Bumi Serpong Damai increased 1.56%, Bumi Resources hiked 2.06%, Lippo Karawaci lifted 1.56%, and Timah up 1.71%.
Other gainers were Sekawan Intipratama (+12.5%), PT PP (+1.12%), Bank Tabungan Negara (+2.23%), Surya Citra Media (+2.01%), Pakuwon Jati (+3.6%), and Multipolar (+1.32%).
While Adaro Energy fell 2.76%, Eagle High Plantation dropped 3.4%, London Sumatra slashed 4.94%, Gudang Garam lost 3.12%, Indofood shed 1.74%, and United Tractors lost 3.07%.
Nymex’s crude oil rose 1.2% to US$60.42 per barrel and gold increased 0.23% to US$1,229.10 per ounce. The rupiah weakened to Rp13,116 against the US dollar.