JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.28% at 5133 on Wednesday (November 26) but trade was volatile. The index moved at range of 5107-5137 during the day trading.
Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook, Reuters reported.
Astra International gained 1.8%, Bank Rakyat Indonesia rose 1.77%, BW Plantation increased 3.4%, Jababeka climbed 2.68%, and Telkom hiked 1.08%. Pakuwon Jati also gained 1.04% and Bumi Resources Minerals jumped 5.06%.
Among decliners were Bumi Resources (-4%), Aneka Tambang (-2%), Multipolar (-2.15%), Matahari Putra Prima (-1.35%), and Visi Media (-2.34%).
Nymex’s crude oil declined 0.3% to US$73.87 per barrel while gold inched up 0.01% to US$1,197.90 per ounce.
Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday, Reuters reported.
The rupiah strengthened slightly to Rp12,160 against the US dollar.