JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.96% at 4,387 on Wednesday (Oct 2), but the index closed off its high as profit taking hit.
Asian markets edged higher, excluding Japan’s Nikkei, as investors hoped the first partial U.S. government shutdown in 17 years will be short-lived and not snuff out a spreading but still tepid economic recovery, Reuters reported.
In Jakarta bourse, Bank Central Asia gained 3%, Bank Rakyat Indonesia rose 2.04%, Bumi Serpong Damai increased 2.7%, Kalbe Farma hiked 3.15%, and Telkom lifted 2.33%.
Other gainers were Matahari Department Store (+6.48%), Gowa Makassar (+15.38%), Pakuwon Jati (+5.66%), MNC Sky Vision (+15.28%), and Hanson International (+3.64%).
Among losers included Bank Maspion (-7.8%), Inovisi Infracom (-9.6%), and Visi Media (-4.44%).
While profit taking hit shares of Bumi Resources Minerals Tbk (BMRS), leaving the stock to close unchanged at Rp230 per share, erasing its early gain of 6.5%.
The company had successfully extended its US$425 million loan to Credit Suisse. The loan is scheduled to mature this month, but extended for another 3 months ahead.
Nymex’s crude oil declined 0.54% to US$101.49 per barrel. The rupiah strengthened further to Rp11,568 against the US Dollar.