JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.6% at 5321 on Tuesday (May 26) following regional markets.
Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, Reuters reported.
Investors focused buying plantation stocks. Eagle High Plantations surged 5.51%, Astra Agro gained 2.64%, and London Sumatera gained 2.63%.
Axiata gained 5.46%, Bank Danamon jumped 4.46%, Perusahaan Gas Negara surged 4.18%, Japfa Comfeed soared 8.33%, and Surya Citra Media hiked 3.5%.
Other gainers were Adaro Energy (+2.86%), Bumi Serpong Damai (+2.3%), Charoen Pokphand (+2.28%), Indofood (+2.18%), Lippo Karawaci (+1.1%), Timah (+1.7%), Telkom (+1.4%), Trada Maritim (+11.54%), and Unilever Indonesia (+2.98%).
Otherwise, AKR Corporindo fell 2.7%, Bank Negara Indonesia declined 1.4%, Bumi Resources lost 1.1%, Indocement shed 1.3%, Garuda Indonesia slipped 1.87%, Adhi Karya slashed 1.99%, Waskita Karya declined 1.42%, and Wijaya Karya fell 1.8%.
Nymex’s crude oil fell 0.6% to US$59.35 per barrel and gold declined 0.78% to US$1,194.60 per ounce. The rupiah was traded flat at Rp13,192 against the US dollar.