JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.43% at 4765 Wednesday (Feb. 17), led by gains in property stocks.
Asian shares slipped on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year, Reuters reported.
Investors focusing buying property stocks. Alam Sutera jumped 9.09%, Sentul City surged 8.62%, and Lippo Karawaci gained 3.43%.
Astra Agro also gained 2.5%, Astra International rose 1.45%, Bank Negara Indonesia increased 1.4%, Gudang Garam climbed 3.2%, and Jababeka hiked 2.56%.
While Eagle High Plantation dropped 4.66%, London Sumatera fell 1.2%, Kalbe Farma declined 1.9%, Semen Indonesia shed 1.17%, Garuda Indonesia slashed 3.26%, and Krakatau Steel declined 1.09%.
Nymex’s crude oil fell 0.17% to US$28.99 per barrel and gold declined 0.28% to US$1,204.80 per ounce. The rupiah weakened to Rp13,504 against the US Dollar.