JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.7% to 5024 on Tuesday (July 8), closing off its high as profit taking hits. The index moved at range of 5008-5050.
After yesterday’s 1.7% gain, investors continued buying local stocks as they welcome the exit polls of overseas vote for Jokowi.
Some polling agencies predict Jokowi’s victory in tomorrow’s election with substantial margin.
Bank Rakyat Indonesia jumped 5.92%, Bank Negara Indonesia hiked 2.79%, and Bank Mandiri lifted 2.27%.
Other gainers were Astra International (+2%), Kalbe Farma (+1.18%), Lippo Karawaci (+2.83%), and Timah (+1.43%).
Among losers were Bumi Resources (-7.47%), Adaro Energy (-1.26%), Bumi Resources Minerals (-4.48%), BW Plantation (-2.43%), London Sumatra (-1.33%), Jababeka (-2.13%), and Vale Indonesia (-1.74%).
Nymex’s crude oil declined 0.1% to US$103.42 per barrel while gold increased 0.14% to US$1,318.40 per ounce. The rupiah strengthen further to Rp11,695 against the US dollar.