JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) inched up 0.01% to close flat at 4921 Tuesday (April 8), but trade was very volatile, ahead of the election day. It moved at range of 4906 to 4933.
Tomorrow (April 9), the market will be closed for national holiday as the country will hold the general election for voting on new legislative members.
Today, the index opened in green but then profit taking hit, dragging the index into red zone. It then regained but ended the morning session in red.
Selling pressures intensified in afternoon trade but the buying helped the index to rebound since 30% minutes ahead of the market’s close.
Bank Rakyat Indonesia gained 1.5%, Vale Indonesia rose 2.8%, Timah increased 1.29%, and Pakuwon Jati hiked 2.38%.
Among losers were Bumi Resources (-4.2%), Waskita Karya (-1.27%), Wijaya Karya (-2.98%), Visi Media (-3.44%), and Adaro Energy (-1.02%).
Nymex’s crude oil increased 0.74% to US$101.18 per barrel and gold rose 1.08% to US$1,312.30 per ounce. The rupiah strengthened to Rp11,289 against the US Dollar.