JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.45% at 4859 on Friday (July 10), but closed off its high as profit taking hit certain stocks. The index moved at range of 4845-4882 during the day trading.
Global stock extended gains on Friday as the Greek government proposed a broad financial overhaul to its creditors and Beijing’s attempts to arrest a sharp slide in the Chinese market appeared to be working, AP reported.
Property stocks Bumi Serpong Damai jumped 3.78%, Lippo Karawaci rose 1.69%, Alam Sutera gained 1.8%, and Pakuwon Jati surged 5%. London Sumatra hiked 1.6%, , Bank Rakyat Indonesia rose 1.7%, Bank Negara Indonesia increased 1.87%, Bank Mandiri climbed 1.01%,
Other gainers were Matahari Putra Prima (+6.64%), Multipolar (+4.84%), Jababeka (+5.77%), Adhi Karya (+4.16%), Wijaya Karya (+3.69%), and Waskita Karya (+2.26%).
While Bumi Resources fell 1.75%, Charoen Pokphand dropped 2.9%, Timah lost 1.59%, Surya Citra Media declined 1.68%, Bank Tabungan Negara slipped 1.26%, and Bumi Resources Minerals shed 7.59%.
Nymex’s crude oil rose 0.57% to US$53.08 per barrel and gold increased 0.2% to US$1,161.50 per ounce. The rupiah strengthened to Rp13,304 agains the US dollar.