JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.3% at 5048 on Wednesday (November 12), but closed off its high as profit taking hit certain stocks. The index moved at range of 5035-5067 during the day trading.
Japanese stocks scaled seven-year highs on Wednesday, putting the rest of Asia in the shade, amid expectations that Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile economic recovery, Reuters reported.
At Jakarta bourse, Astra International gained 3.27%, Bank Negara Indonesia rose 1.29%, Jababeka increased 1.5%, and Hanson International hiked 2.27%.
Investors meanwhile sold off coal stocks. Adaro Energy dropped 6.4%, Bumi Resources lost 8.47%, Bumi Resources Minerals fell 2.28%, Berau Coal shed 1.15%, and Delta Dunia down 1.8%.
Nymex’s crude oil fell 0.68% to US$77.41 per barrel while gold inched up 0.07% to US$1,163.80 per ounce. The rupiah weakened further to Rp12,205 against the US dollar.