JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.23% at 4492 Tuesday (Jan. 19) but trade was volatile. The index moved up and down at range of between 4465-4499.
Asian shares closed mostly higher on Tuesday as Shanghai stocks surged after data pointing to slower Chinese economic growth fanned stimulus hopes, Reuters reported.
China’s economy grew 6.8% in the fourth quarter from a year earlier, Tuesday’s gross domestic product (GDP) data showed, the slowest growth since 2009.
Industrial output in December rose 5.9% from a year earlier.
Nymex crude oil rose 0.82% to US$29.66 per barrel, rebounding after dropped 7% at early morning trade. The rupiah strengthened to Rp13,921 against the US dollar.
Adaro Energy gained 2.4%, Alam Sutera rose 3.4%, XL Axiata hiked 3.3%, Indofood lifted 2.64%, and London Sumatra increased 2.7%.
Other gainers were Bank Tabungan Negara (+2.9%), Adhi Karya (+6.48%), Citra Marga (+5.9%), Waskita Karya (+2.64%), Matahari Putra (+3.26%), Garuda Indonesia (+3.1%), and Visi Media (+5.9%).