JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed flat Friday (March 21) as it only inched up 0.03% to 4700.
Trade was highly volatile in morning trade, the index moved at range of 4661-4736.
Asian markets found their footing on Friday after Wall Street shook off concerns about Federal Reserve policy, while a spike in U.S. bond yields kept the dollar underpinned near three-week highs, Reuters reported.
In Jakarta bourse, Adaro Energy gained 3.12%, Bumi Serpong Damai rose 3.4%, Perusahaan Gas Negara jumped 6.05%, and Matahari Putra Prima up 1.54%.
Among losers were Bank Rakyat Indonesia (-2.62%), Bumi Resources (-1.64%), Jababeka (-2.3%), and Telkom (-1.37%).
Nymex’s crude oil inched down 0.02% to US$98.90 per barrel while gold increased 0.62% to US$1,338.80 per ounce. The rupiah weakened further to Rp11,431 against the US Dollar.