JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.6% to 5269 on Tuesday (May 19), regaining ground from morning losses.
Asian shares shrugged off early losses on Tuesday, as surging Chinese shares and Wall Street’s record close offset continuing worries over Greece’s fiscal woes, Reuters reported. China’s SSE Composite gained 3.13%.
Astra Agro jumped 3.62%, AKR Corporindo surged 3.23%, Bank Rakyat Indonesia gained 2.29%, Eagle High Plantations hiked 3.17%, and London Sumatra climbed 3.98%.
Other gainers were Lippo Karawaci (+1.54%), Jasa Marga (+3.25%), Gudang Garam (+1.78%), Bumi Serpong Damai (+1.28%), Bank Negara Indonesia (+1.12%), Adaro Energy (+1.7%), and Astra International (+1.99%).
Wijaya Karya also jumped 4.69%, Adhi Karya lifted 2.19%, and Jasa Marga climbed 3.25%.
While Bumi Resources lost 2.02%, Kalbe Farma dropped 2.49%, Surya Citra Media slashed 2.13%, Media Nusantara Citra dropped 4.29%, Multipolar lost 3.9%, and Matahari Putra Prima declined 2.38%.
Nymex’s crude oil fell 0.93% to US$59.68 per barrel and gold fell 0.58% to US$1,221.50 per ounce. The rupiah weakened further to Rp13,183 against the US dollar.