JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed flat at 4380 Friday (Sept. 18) as profit taking in afternoon trade left the index to only inched up 0.04%. The index moved at range of 4359-4414 during the day trading.
Stocks and currencies in emerging markets, however, which are more vulnerable to higher U.S. interest rates, welcomed the Fed’s decision on Thursday to postpone “lift off” for at least another month, and rose across the board, Reuters reported.
Adaro Energy gained 2.56%, Alam Sutera rose 2.66%, Bumi Serpong Damai jumped 5.52%, Charoen Pokphand climbed 1.74%, Vale Indonesia hiked 3.07%, Indo Tambangraya lifted 3.8%, Jasa Marga gained 2.1%, Perusahaan Gas Negara surged 4.66%, and Bukit Asam was up 1.32%.
While Timah lost 3.12%, Kalbe Farma fell 2.86%, Astra International shed 2.1%, Bank Rakyat Indonesia slashed 2.5%, and Sentul City dropped 6.67%.
Nymex’s crude oil declined 0.83% to US$46.51 per barrel while gold rose 1.6% to US$1,135 per ounce. The rupiah weakened further to Rp14,463 against the US dollar.