JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.4% at 4318 on Tuesday (Sept. 8), reversing earlier losses. The index moved at range of 4269-4325 during the day trading.
Asian stocks rose on Tuesday after a six-day losing streak and the dollar firmed against the safe-haven Japanese yen, but gains were capped as a slump in China’s imports raised fears of a more severe slowdown in the world’s second biggest economy, Reuters reported.
Adaro Energy gained 2.7%, AKR Corporindo rose 3.18%, Bank Negara Indonesia jumped 5%, Bumi Serpong Damai hiked 3.8%, Lippo Karawaci lifted 5.3%, London Sumatra climbed 3.9%, and Semen Indonesia surged 5.07%.
Adhi Karya also soared 10%, Wijaya Karya gained 3.2%, and Pakuwon Jati surged 4.8%. While Kalbe Farma lost 3.45%, Unilever declined 1.05%, and XL Axiata dropped 8.26%.
Nymex’s crude oil fell 2.8% to US$44.76 per barrel and gold declined 0.14% to US$1,119.80 per ounce. The rupiah weakened further to Rp14,285 against the US dollar.