JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.53% to 5201 Thursday (September 25) but trade was volatile. The index moved at range of 5180-5213.
Regional markets closed in green zone following gains in Wall Street.
At Jakarta bourse, banking and property stocks led market’s gain. Bank Central Asia jumped 3.2%, Bank Rakyat Indonesia gained 1.65%, Bank Tabungan Negara climbed 4.46%, Bumi Serpong Damai surged 4.14%, and Alam Sutera rose 1.88%.
Other gainers were Jababeka (+1.13%), Kalbe Farma (+1.49%), Timah (+1.59%), Waskita Karya (+1.14%), Multipolar (+14.53%), Pakuwon Jati (+1.43%), and Matahari Putra Prima (+4.93%).
BW Plantation dropped further 25% to Rp540 per share after losing 24% yesterday, the day it resumed trading after the period of suspension.
Today the Indonesia Stock Exchange (IDX) halted trading in shares of giant coal PT Bumi Resources Tbk (BUMI) as BUMI has not disclosed the allotment report for its 4th rights issue scheme published through prospectus in June 30, 2014.
As BUMI today has answered IDX’s questions on the issue, trading in BUMI might be resumed tomorrow (Friday).
Nymex’s crude oil declined 0.34% to US$91.22 per barrel and gold fell 0.13% to US$1,220.70 per ounce. The rupiah strengthened further to Rp11,947 against the US dollar.