JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.2% at 5172 on Monday (May 11), reversing earlier gain, as profit taking hit certain stocks. The index moved at range of 5172-5215 during the day trading.
Asian shares pared losses and edged up on Monday, as less-than-stellar data from China fueled bets that Beijing will unveil further support measures to prop up its stumbling economy, cnbc.com reported.
Astra International lost 1%, XL Axiata dropped 4.27%, Indocement fell 1.8%, Lippo Karawaci declined 1.58%, United Tractors shed 1.57%.
Other losers were Surya Citra Media (-1.45%), Adhi Karya (-1.55%), Cipaganti (-4.6%), Bank Bukopin (-1.42%), and Bumi Resources Minerals (-1.2%).
Plantation stocks also gained such as Astra Agro (+4.83%), Eagle High Plantations (+4.1%), and London Sumatra (+2.45%).
Coal stocks were also focus of buying. Adaro Energy jumped 5.23%, Bumi Resources climbed 1.98%, Bukit Asama hiked 3.1%, Indo Tambangraya surged 6.57%, Harum Energy added 2.54%.
Nymex’s crude oil inched down 0.03% to US$59.37 per barrel and gold declined 0.34% to US$1,185.90 per ounce. The rupiah strengthened to Rp13,116 against the US Dollar.