JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended flat at 4945 on Thursday (June 18) but trade was volatile. The index moved at range of 4933-4964 during the day trading.
Asian stock market closed mostly lower Thursday after the Federal Reserve cuts its forecast for U.S. economic growth, a move that could delay Fed rate hikes but also suggests reduced American demand for Asia’s exports, AP reported.
Adaro Energy dropped 3.73%, Alam Sutera fell 1.89%, Bank Rakyat Indonesia lost 2.05%, Bank Negara Indonesia declined 2.21%, Bank Mandiri shed 1.53%, Perusahaan Gas Negara slashed 1.29%, and Adhi Karya dropped 3.77%.
While MNC Investama jumped 5.53%, Bumi Serpong Damai gained 1.98%, Bumi Resources rose 1.64%, Indofood surged 4.18%, Kalbe Farma increased 1.5%, Unilever hiked 1.4%, Matahari Department Store lifted 4.23%, Waskita Karya advanced 1.28%, Global Mediacom jumped 7.83%, and Matahari Putra Prima added 3.58%.
Nymex’s crude oil rose 0.75% to US$60.37 per barrel and gold increased 1.7% to US$1,196.80 per ounce. The rupiah strengthened to Rp13,341 against the US dollar.