JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 0.8% at 4568 Thursday (Feb 27), led by construction stocks.
While Asian shares struggled to find a solid footing on Thursday as escalating tensions in Ukraine sent investors scurrying to the safety of the dollar and U.S. Treasuries, Reuters reported.
Among construction stocks, Adhi Karya gained 3.27%, Wijaya Karya hiked 3.12%, Waskita Karya rose 2.27%, and PTPP lifted 2.89%.
Other gainers were Pakuwon Jati (+2.53%), Adaro Energy (+1.6%), Astra International (+2.29%), Alam Sutera (+2.65%), Bank Negara Indonesia (+2.04%), Bumi Serpong Damai (+3.77%), BW Plantation (+1.5%), London Sumatra (+4.02%), and Lippo Karawaci (+1.61%).
Nymex’s crude oil declined 0.16% to US$102.43 per barrel and gold declined 0.26% to US$1,324.50 per ounce. The rupiah slightly weakened to Rp11,675 against the US Dollar.