JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.68% at 4838 on Thursday (July 9), but closed off its low. The index moved at range of 4812-4855 during the day trading.
World stocks snapped a five-day losing streak on Thursday, as Beijing halted a rout in Chinese stocks and the Federal Reserve signaled it might be too soon to raise U.S. interest rates, Reuters reported. China’s main stock market jumped 5.76%. The advance brought relief throughout Asia.
Investors focused selling coal stocks. Adaro Energy dropped 3.82%, Bumi Resources fell 1.72%, Indo Tambangraya lost 5.3%, and Bukit Asam shed 5.63%. Other losers were Perusahaan Gas Negara (-3.95%), Jasa Marga (-2.98%), and Surya Citra Media (-4.19%).
While Bumi Resources Minerals soared 14.49%, Eagle High Plantation jumped 6.75%, London Sumatra gained 1.95%, Wijaya Karya climbed 1.19%, Bank Tabungan Negara lifted 1.27%, and Charoen Pokphand hiked 1.29%.
Nymex’s crude oil rose 1.24% to US$52.29 per barrel while gold inched down 0.07% to US$1,162.70 per ounce. The rupiah was traded flat at Rp13,347 against the US dollar.