JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.83% at 4944 on Thursday (July 2), but closed off its high as profit taking hit certain stocks. The index moved at range of 4914-4966 during the day trading.
Asian stocks rose for a third consecutive day on Thursday though widening cracks in Chinese stocks and Greece’s standoff with its creditors capped gains while the dollar was bolstered by upbeat U.S. economic data, Reuters reported.
Investors focused buying construction stocks. PT PP jumped 7.27%, Adhi Karya surged 7.6%, Jasa Marga hiked 6.36%, Waskita Karya lifted 5.43%, and Wijaya Karya soared 12.65%.
Other gainers were Astra Agro (+5.26%), Bank Rakyat Indonesia (+3.08%), Bank Negara Indonesia (+5.19%), Bumi Serpong Damai (+3.31%), Bumi Resources (+5.08%), and Energi Mega (+11.67%).
While Perusahaan Gas Negara fell 2.92%, United Tractors lost 1.75%, XL Axiata dropped 4.87%, AKR Corporindo shed 2.15%, and Hanson Internasional slashed 1.36%.
Nymex’s crude oil inched up 0.07% to US$57 per barrel while gold fell 0.44% to US$1,164.10 per ounce. The rupiah weakened back to Rp13,337 against the US dollar.