JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.24% at 4473 but closed off its high as profit taking hit certain stocks. The index moved at range of 4435-4490 during the day trading.
Asian shares fell sharply on Friday after commodity prices tumbled to multi-year lows on worries that slower global growth may worsen a supply glut, while U.S. Federal Reserve officials kept drumming up the case for a rate hike next month, Reuters reported.
AKR Corporindo jumped 4.27%, Bank Mandiri surged 3.58%, Indocement hiked 3.63%, Semen Indonesia lifted 5.17%, Unilever Indonesia climbed 4.9%, HM Sampoerna gained 3.54%, Bank Mayapada soared 11.63%, and Visi Media rose 5.69%.
While Astra Agro lost 2.7%, London Sumatra fell 5.45%, and Eagle High Plantation dropped 7.8%.
Coal stocks also fell. Adaro Energy dropped 4.9%, Indo Tambangraya lost 4.9%, Indika Energy shed 6.59%, and Bukit Asam dropped 8.6%.
Other losers were Aneka Tambang (-2.1%), Alam Sutera (-3.39%), Bank Negara Indonesia (-2.4%), XL Axiata (-4.3%), Vale Indonesia (-7.4%), Jababeka (-3%), and Gudang Garam (-3%).
Nymex’s crude oil rose 0.4% to Rp41.92 per barrel and gold increased 0.2% to US$1,083.10 per ounce. The rupiah weakened back to Rp13,633 against the US dollar.