JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 1.12% at 4620 Friday (Feb 28) with massive buying occuring in late trading.
While Asian stocks edged up in late trading after a volatile session on Friday, as investors weighed unrest in Ukraine against Federal Reserve Chairwoman Janet Yellen expressing confidence in the strength of the U.S. economy, Reuters reported.
Investors focused buying on some blue chip stocks such as Astra International, Adaro Energy and Kalbe Farma.
Astra International gained 3.73%, Adaro Energy jumped 4.74%, and Kalbe Farma hiked 3.57%. Other gainers were Telkom (+1.75%), Bumi Resources (+2.85%), Hanson International (+4.35%), and Matahari Putra Prima (+6.65%).
Nymex’s crude oil fell 0.42% to US$101.97 per barrel and gold retreated 0.32% to US$1,327.50 per ounce. The rupiah strengthened to Rp11,634 against the US Dollar.