JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed flat, inched up 0.06% to 5140 Wednesday (October 1) but trade was volatile.
The index opened higher but turned to negative territory at mid morning session ahead of the release of economic data. But it regained ground and closed in green for morning trade.
The index kept rising at afternoon trade but late selling in certain stocks pushed the index down sharply and closed flat. The index moved at range of 5124-5165 during the day trading.
Stocks worldwide began the fourth quarter on a negative note on Wednesday, with investors wary of lackluster economic data and keeping a cautious eye on civil unrest in Hong Kong, Reuters reported.
Alam Sutera gained 1.54%, Bank Rakyat Indonesia rose 3.12%, Bumi Serpong Damai hiked 1.29%, Jababeka jumped 6.5%, Lippo Karawaci lifted 3.19%, and London Sumatra climbed 2.1%.
BW Plantation jumped further 12.6% to Rp625 per share after losing 52% recently following its rights issue plan with substantial discount prices.
Other gainers were Adhi Karya (+2.7%), Waskita Karya (+4.79%), Wijaya Karya (+4.2%), and Multipolar (+3.85%). Borneo Lumbung surged 11.25% but in thin volume.
Sentul City dropped 6.93% to Rp94 per share after the Corruption Eradication Commission (KPK) named its CEO a bribery suspect.
Other losers were Adaro Enery (-1.28%), Vale Indonesia (-2.67%), Kalbe Farma (-1.47%), Telkom (-1.72%), Visi Media (-1.53%), and Berau Coal (-3.17%).
Nymex’s crude oil rose 0.51% to US$90.22 per barrel and gold inched up 0.02% to US$1,214.50 per ounce. The rupiah strengthened to Rp12,188 against the US dollar.