JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.34% at 5463 on Tuesday (March 10), but closed off its high as profit taking hit certain stocks.
Regional markets mostly closed in red with Japan’s Nikkei falling to a near two-week low in volatile trade on Tuesday as banks were hit hard by a report saying the Basel Committee may ask banks to boost capital as a sufficient cushion in case of spikes in interest rates.
Bank Mandiri gained 1.91%, Bumi Resources rose 1.1%, Indofood hiked 1.36%, Trada Maritim jumped 34.38%, Bank Tabungan Negara lifted 2.68%, Wijaya Karya increased 1.75%, Multipolar gained 2.13%, and Matahari Putra Prima climbed 1.62%.
Nymex’s crude oil declined 0.58% to US$49.71 per barrel and gold fell 0.75% to US$1,157.80 per ounce. The rupiah weakened slightly to Rp13,059 against the US dollar.