JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.57% to 4910 on Tuesday (June 30), but closed off its high as profit taking hit certain stocks. The index moved at range of 4874-4930 during the day trading.
Asian stock markets bounced back Tuesday, recouping some of the previous day’s sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries, AP reported. China’s Shanghai Composite index closed up 5.55%.
Astra International gained 2.9%, Astra Agro rose 1.3%, Bank Danamon hiked 2.26%, MNC Investama lifted 1.15%, Gudang Garam increased 2.97%, Indofood advanced 1.54%, and Jasa Marga added 2.34%.
Other gainers were Sekawan Intipratama (+4.89%), Global Mediacom (+4%), and Hanson International (+1.37%). While Aneka Tambang lost 1.45%, Timah dropped 2.07%, Bank Jatim fell 1.24%, and Bumi Resources Minerals dropped 4.2%.
Nymex’s crude oil inched up 0.02% to US$58.33 per barrel while gold fell 0.32% to US$1,175.20 per ounce. The rupiah strengthened to Rp13,332 against the US dollar.
Tomorrow, July 1, 2015, the mandatory Rupiah transaction is applied to both cash and non cash transaction. The new policy also requires prices of goods and services in Indonesia to be specified only in Rupiah. This policy is set on the Bank Indonesia Regulation (Peraturan Bank Indonesia – PBI) No.17/3/PBI/2015, as a follow-up to the Law on Bank Indonesia (BI) and the obligation to use the Rupiah as stipulated in Law No.7/2011 on Currency.
The PBI came into effect April 1. A transition period has been set to last until today (June 30). Overall, the issuance of the PBI is expected to support the sovereignity of Rupiah within the territory of Indonesia and to support the stability of Rupiah.