JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.8% at 4985 on Friday (June 19) inline with regional markets.
Asian shares rose for a third consecutive day on Friday even as China stocks tumbled into correction territory, while the Federal Reserve’s cautious stance towards lifting interest rates kept the dollar on the back foot, Reuters reported.
Adaro Energy jumped 4.52%, Bank Rakyat Indonesia rose 2.55%, Bank Danamon surged 7.13%, Bank Mandiri gained 3.36%, Bumi Resources climbed 3.23%, and Perusahaan Gas Negara hiked 4.15%.
Other gainers were PT PP (+4.57%), Bank Jatim (+6.94%), Adhi Karya (+2.7%), and Hanson International (+3.55%). While Kalbe Farma lost 2.36%, London Sumatra fell 1.56%, Jasa Marga dropped 3%, and Japfa Comfeed declined 1.74%.
Nymex’s crude oil fell 0.5% to US$60.51 per barrel and gold declined 0.2% to US$1,199.10 per ounce. The rupiah strengthened further to Rp13,324 against the US dollar.