JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.14% at 4935 on Friday (June 12) but trade was volatile. The index moved at range of 4916-4947 during the day trading.
Asian stock markets were little changed Friday as lack of progress in bailout negotiations between Greece and its creditors dampened the positive impulse from upbeat U.S. retail and jobs data, cnbc.com reported.
Investors focusing buying shares of plantation firm PT Eagle High Plantation today, then the stock gained further 2.27%. The stock has gained 83% since early last month.
Felda Global Ventures Holdings Berhad, the world’s largest palm oil producer, has agreed to become strategic partner of Rajawali Corpora (controlled by tycoon Peter Sondakh) in BWPT. Felda pays a premium of almost 77% to the current market price.
Bank Rakyat Indonesia rose 2.47%, Bank Negara Indonesia increased 0.9%, Bank Mandiri hiked 2.33%, Astra International lifted 1.8%, Bumi Resources advanced 1.56%, and Unilever Indonesia added 1.41%.
Hanson International also soared 13.6%. The stock has gained 51% in the past three trading days.
While the losers include Global Mediacom (-6.67%), PT PP (-4.38%), Matahari Department Store (-3.82%), Summarecon Agung (-3.45%), and Sawit Sumbermas (-0.54%).
London Sumatra also lost 2.36%, Adhi Karya fell 2.39%, Media Nusantara Citra dropped 5.45%, Wijaya Karya shed 3.45%, and Matahari Putra Prima lost 4.23%.
Investors also focused buying shares of newly listed property developer PT Mega Manunggal Property Tbk (MMLP). The stock jumped 49.5% to Rp875 per share on its trading debut today with over 30 million shares exchanged hands valuing of Rp25.3 billion.
Nymex’s crude oil fell 1.15% to US$60.07 per barrel and gold declined 0.14% to US$1,178.80 per ounce. The rupiah weakened back to Rp13,317 against the US dollar.