JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.1% at 4520 Tuesday (Jan. 26) but trade was volatile. The index moved up and down at range of 4483-4517.
A plunge in Chinese share markets capped a miserable day for Asian equities on Tuesday, with a renewed slide in oil prices giving investors few reasons to reassess a darkening outlook for the global economy, Reuters reported.
Garuda Indonesia jumped 8.3%, Bumi Serpong Damai gained 2.1%, Eagle High Plantation rose 2.2%, Indofood CBP climbed 2.8%, Japfa Comfeed hiked 2.88%, HM Sampoerna lifted 4.26%, and Visi Media gained 2.27%.
While Adaro Energy dropped 4.4%, XL Axiata lost 5.83%, Vale Indonesia fell 4.84%, Indofood declined 3.07%, Indo Tambangraya shed 6.05%, Bukit Asam lost 4.36%, and Perusahaan Gas Negara dropped 3.6%.
Nymex’s crude oil dropped 3.03% to US$29.42 per barrel while gold rose 0.84% to US$1,114.60 per ounce. The rupiah weakened back to Rp13,904 against the US dollar.