JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.26% at 5,500 on Thursday (April 9) but trade was volatile.
The index opened up in the morning but then turned to negative territory since early morning trade until one hour ahead of the market close. The index reached its lowest at 5478 on Thursday trading.
While Asian shares closed mixed Thursday, with gains supported by lower oil prices, firmness in U.S. markets and strong buying in Hong Kong by mainland Chinese investors.
At the Jakarta bourse, investors focused buying coal stocks. Bumi Resources Minerals skyrocketed 34.45%, Berau Coal soared 20.55%, Bumi Resources surged 7.41%, and Adaro Energy gained 1.55%.
Other gainers were Garuda Indonesia (+10.43%) and Astra International (+2.19%). While Alam Sutera fell 1.56%, Kalbe Farma declined 1.36%, and Global Mediacom lost 2.29%.
Nymex’s crude oil rose 1.94% to US$51.40 per barrel while gold declined 0.57% to US$1,196.20 per ounce. The rupiah strengthened to Rp12,973 against the US dollar.