JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 0.69% at 5168 Wednesday (August 13), led by gains in coal and trade stocks. While agriculture stocks closed in red.
World stock markets ticked higher on Wednesday as brighter corporate results offset gloomy economic news from Asia and as oil prices plumbed 13-month lows as ample supply offset disruption risks posed by tensions in Iraq and Libya, Reuters reported.
Investors at Jakarta bourse keep buying local stocks as they are expecting a positive decision for BI Rate. They view that the economy is improving, so as the global economy and political issues.
Giant coal miners Adaro Energy gained 1.58% and Delta Dunia jumped 3.76%. Nickel miner Vale Indonesia gained 1.6%.
Other gainers were Alam Sutera (+1.87%), Lippo Karawaci (+1.24%), Matahari Putra Prima (+4.24%), Multipolar (+8.6%), and Visi Media (+5.97%).
Nymex’s crude oil declined 0.1% to US$97.26 per barrel and gold inched down 0.02% to US$1,310.30 per ounce. The rupiah was relatively traded flat at Rp11,683 against the US dollar.