JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended flat Friday (May 23), only gained 0.06% to 4973, but trade was volatile. The index moved at range of 4957 to 4977.
Investors keeps watching on the domestic political development while speculating the likely outcome of July 9 presidential election.
Asian shares hit one-year highs on Friday as investors lapped up signs of improving momentum in the world’s biggest economies, Reuters reported.
In Jakarta bourse, Vale Indonesia gained 1.4%, Multipolar jumped 4.05%, Matahari Putra Prima rose 1.54%, and Visi Media up 1.49%.
Among losers were Astra International (-1.32%), Timah (-1.01%), Bank Tabungan Negara (-1.35%), and Waskita Karya (-1.35%).
Nymex’s crude oil increased 0.12% to US$103.86 per barrel while gold declined 0.25% to US$1,291.70 per ounce. The rupiah weakened further to Rp11,560 against the US dollar.