JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.35% at 4586 Tuesday (October 20) but closed off its high as profit taking hit certain stocks. The index moved at range of 4562-4608 during the day trading.
Asian stocks were muted Tuesday after China’s better-than-expected quarterly growth figure revived expectations in financial markets for a Federal Reserve rate hike, AP reported.
Adaro Energy gained 3.88%, Bank Rakyat Indonesia rose 1.92%, Bank Negara Indonesia increased 1.46%, Bank Mandiri hiked 1.1%, Indocement jumped 3.17%, Jababeka surged 4.88%, Bukit Asam soared 10.2%, United Tractors rose 1.78%, and Unilever Indonesia gained 1.04%.
While Astra International fell 2.3%, Alam Sutera declined 1.3%, Bumi Serpong Damai shed 1.48%, Bumi Resources dropped 8.93%, Charoen Pokphand lost 3.14%, XL Axiata fell 1.84%, and London Sumatra slashed 2.16%.
Nymex’s crude oil rose 0.17% to US$46.36 per barrel and gold inched up 0.05% to US$1,173.40 per ounce. The rupiah weakened further to Rp13,634 against the US dollar.