JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.77% to 5438 on Monday (March 30), but closed off its high as profit taking emerged during 30 minutes ahead of the market close. The index moved at range of 5412-5459 during the day trading.
Asian shares also rose on Monday buoyed by hopes for stimulus to boost China’s economy, Reuters reported.
Adaro Energy gained 1.05%, Astra International rose 2.13%, Alam Sutera increased 2.78%, Bank Mandiri climbed 1.26%, Bumi Serpong Damai jumped 4.74%, BW Plantation hiked Jababeka lifted 2.8%, Lippo Karawaci gained 1.56%, Timah surged 3.23%, and Telkom up 1.96%.
Other gainers were Media Nusantara Citra (+2%), Waskita Karya (+1.74%), Unilever (+1.4%), Wijaya Karya (-1.64%), Nirvana Development (+5.09%), Pakuwon Jati (+2.62%), Matahari Putra Prima (+1.5%), and Visi Media (+3.92%).
While Bank Negara Indonesia fell 1.4%, Bumi Resources declined 2.4%, Cipaganti dropped 4.94%, Trada Maritim lost 4.48%.
Nymex’s crude oil declined 0.88% to US$48.44 per barrel and gold fell 0.98% to US$1,188 per ounce. The rupiah weakened further to Rp13,086 against the US dollar.