JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.1% at 5348 but closed off its high as profit taking emerged in afternoon trade. The index moved at range of 5333-5375 during the day trading.
Bank Mandiri gained 3.08%, Bank Negara Indonesia rose 3%, Jababeka hiked 3.83%, Indonesia Transport lifted 3.7%, Indocement climbed 2.24%, and Matahari Putra Prima gained 2.37%.
While profit taking hit plantation stocks after recent gains. Astra Agro dropped 4.55%, BW Plantation lost 3.1%, and London Sumatra fell 2.56%.
Bank Tabungan Negara also dropped 2.78%, Nirvana Development shed 5.1%, and Garuda lost 3.57%.
Asian equities closed mixed on Monday, as an unexpectedly weak trade report from China over the weekend, along with a selloff in U.S. shares last Friday, depressed trading sentiment, Reuters reported.
European stocks also dipped after dismal Chinese trade data and signs of increasingly fraught relations between Greece and its international creditors kept investors cautious.
Nymex’s crude oil rose 1.35% to US$51.87 per barrel and gold increased 0.46% to US$1,239.80 per ounce. The rupiah weakened back to Rp12,679 against the US dollar.