JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.59% at 4200 on Wednesday (Jan 8), led by blue chip stocks.
The index opened up in morning trade but then turned into negative teritorry as profit taking in certain stocks emerged.
Asian shares got a hand up on Wednesday after strong trade data boosted expectations for U.S. growth while a lessening of sovereign strains in Europe lifted stocks there to the highest since 2008, Reuters reported. Japan’s Nikkei and Hong Kong’s Hang Seng gained 1.94% and 1.25% respectively.
Investors focusing buying some blue chip stocks. Coal miner Adaro Energy jumped 6.82%, after falling 20% in first 4 days of trading this year.
Property developer Alam Sutera also surged 5.4%, rebounding from recent losses, and Bumi Serpong Damai gained 4.55%. Banking stocks also closed in green. Bank Mandiri rose 2.62%. Jababeka rose 2.63%, London Sumatra lifted 2.1%, and Telkom hiked 1.45%.
Other gainers were Adhi Karya (+3.15%), Wijaya Karya (+4.1%), Pakuwon Jati (+4.17%), and Garuda Indonesia (+2%). Among losers were Matahari Putra Prima (-1.14%), Astra International (-0.37%), Bumi Resources (-1.27%), and Perusahaan Gas Negara (-0.47%).
Nymex’s crude oil increased 0.35% to US$94 per barrel while gold fell 0.47% to US$1,223.80 per ounce. The rupiah strengthened to Rp12,229 against the US Dollar.