JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) only inched up 0.08% to close at 4,724 on Friday (July 19) as profit taking hit in afternoon trade.
Trade was volatile as regional markets, mostly in red, did not support. IDX turned to negative in afternoon trade but late buying ahead of market close helped the index to gain.
In regional, Japan’s Nikkei and Shanghai fell more than 1%.
In Jakarta bourse, Bank Negara Indonesia rose 1.16%, Bumi Serpong Damai increased 0.62%, Perusahaan Gas Negara added 2.6%, Telkom climbed 2.2%, Trada Maritim advanced 0.7%, Matahari Putra Prima surged 12.1%, and Multipolar jumped 7.27%.
Among losers were Kalbe Farma (-1.33%), Bank Mandiri (-1.14%), Alam Sutera (-1.32%), Waskita Karya (-2.4%), Wijaya Karya (-4.4%), Global Mediacom (-4%), and Media Nusantara Citra (-5.34%).
Nymex’s crude oil fell 0.24% to US$107.78 per barrel. The rupiah weakened further to Rp10,070 against the US Dollar.