JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.35% at 4446 Friday (August 28) but closed off its high as profit taking hit certain stocks. The index moved at range of 4433-4511 during the day trading.
Asian markets extended a global rally into second day on Friday, as upbeat U.S. economic growth data calmed sentiment following the hammering shares across the region took earlier in the week, Reuters reported. China’s SSE gained 4.82% and Japan’s Nikkei hiked 3.03%.
Astra Agro jumped 8.89%, Adaro Energy rose 5.08%, Bank Danamon surged 7.85%, Charoen Pokphand hiked 5.57%, Vale Indonesia lifted 6%, Timah climbed 6.25%, and Matahari Putra Prima jumped 9.37%.
While Unilever Indonesia fell 1.94%, Perusahaan Gas Negara dropped 5%, Aneka Tambang lost 6.48%, Waskita Karya shed 3.3%, Wijaya Karya declined 1.48%, and Jasa Marga slashed 5.6%.
Nymex’s crude oil declined 1.25% to US$42.03 per barrel while gold rose 0.5% to US$1,128.10 per ounce. The rupiah strengthened to Rp14,011 against the US dollar.