JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.08% at 5414, but closed off its low, thanks to late buying.
The index opened higher at morning trade but it turned into negative territory after first 10 minutes of trading. It moved at range of during the day trading.
Shares fell in Asia, however, after China reported its economy grew at a 7% annual rate in January-March, the slowest pace in six years, AP reported.
At Jakarta bourse, Bank Central Asia fell 1.34%, Bank Danamon dropped 4.39%, BW Plantation lost 3.49%, Vale Indonesia shed 3.74%, London Sumatera slashed 1.27%, and Perusahaan Gas Negara dropped 4.13%.
While, Berau Coal jumped 8.75%, Garuda Indonesia gained 3.64%, Bumi Serpong Damai climbed 4.37%, Adhi Karya increased 1.33%, and Pakuwon Jati hiked 2%.
Nymex’s crude oil rose 1.22% to US$53.94 per barrel while gold fell 0.27% to US$1,189.40 per ounce. The rupiah was traded flat at Rp12,976 against the US dollar.