JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 0.96% to 5102 on Tuesday (November 18) as investors positively responded to the fuel price hike.
While Asian stocks sagged on Tuesday amid profit taking in Hong Kong and Chinese markets, while Tokyo shares rebounded on expectations that Japan will opt for a snap election that may lead to fresh stimulus measures, Reuters reported.
Bumi Resources added 2%, Adaro Energy rose 1%, Astra International gained 1.05%, Alam Sutera hiked 1.99%, Bank Central Asia lifted 1.55%, Bumi Serpong Damai climbed 1.94%, Lippo Karawaci jumped 2.9%, and Perusahaan Gas Negara up 1.2%.
Other gainers were construction stocks, Adhi Karya (+3.46%), Waskita Karya (+2.46%), Wijaya Karya (+4.23%), and Bumi Resources Minerals (+4.7%).
Nymex’s crude oil inched up 0.01% to US$75.67 per barrel and gold rose 1.2% to US$1,197.70 per ounce. The rupiah strengthened to Rp12,146 against the US dollar.