JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended flat, only inched up 0.01% to close at 4451 Wednesday (Nov. 11) but trade was volatile. The index moved at range of 4426-4463 during the day trading.
Regional markets closed mixed while trading in China stocks was muted Wednesday before the release of a new batch of economic data, even as consumers flock to online sites for one of the country’s biggest shopping days of the year, Cnbc.com reported.
Markets are also bracing for a looming US interest rate hike before the year-end.
Adaro Energy gained 4.92%, Astra International jumped 4.2%, Charoen Pokphand surged 9.2%, Indocement climbed 6.9%, and Semen Indonesia hiked 5.53%.
While Bukit Asam dropped 5.46%, London Sumatra lost 6.2%, Indo Tambangraya dropped 4.35%, and Astra Agro fell 3.74%.
Nymex’s crude oil declined 1.29% to US$43.64 per barrel and gold inched up 0.02% to US$1,088.70 per ounce. The rupiah strengthened further to Rp13,576 against the US dollar.