JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.53% at 4728 Wednesday (March 26), but closed off its high as profit taking hit. It moved at range of 4707 to 4744.
Asian shares raced to two-week highs on Wednesday, with investor confidence getting a much-needed boost from upbeat U.S. data and diminishing concerns over the Ukraine/Crimea crisis, Reuters reported.
Among blue chip stocks, Bank Negara Indonesia gained 1.04%, Bumi Resources rose 1.42%, Perusahaan Gas Negara increased 1.52%, London Sumatra hiked 2.08%, Kalbe Farma lifted 1.38%, and Telkom up 0.9%.
Other gainers were Bank Tabungan Negara (+2.02%), Adhi Karya (+2.54%), Waskita Karya (+1.3%), Wijaya Karya (+1.9%), Matahari Putra Prima (+1.3%), and Hanson International (+1.59%).
Nymex’s crude oil retreated 0.1% to US$92.59 per barrel while gold increased 0.24% to US$1,314.60 per ounce. The rupiah weakened to Rp11,408 against the US dollar.