JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.79% at 5127 Monday (July 21) with buying sentiment on local stocks spurred by expectation Jokowi would win the presidential race.
With full security support from Indonesian military (TNI) and the national police, the General Election Commission (KPU) will not suspend the announcement of new president scheduled for tommorrow (July 22).
Asian stock markets closed in mixed while European stock markets fell across the board on Monday, concerned by an escalation in tensions between Russia and the West and reports the Ukrainian army was moving on a major rebel stronghold.
At Jakarta bourse, Jababeka jumped 4.53%, Adaro Energy gained 1.35%, Alam Sutera rose 2.8%, Bank Rakyat Indonesia increased 1.08%, Bumi Serpong Damai advanced 1.83%, Lippo Karawaci added 1.75%, Kalbe Farma climbed 1.45%, and Perusahaan Gas Negara up 2.12%.
Construction stocks were also focus of buying. Wijaya Karya surged 5.66%, Adhi Karya hiked 4%, and Waskita Karya lifted 4.29%.
Cipaganti soared 18.6% after recent drop due to fraud scandal. Multipolar gained 3.5%, Matahari Putra Prima climbed 2.74%, and Pakuwon Jati rose 3.9%. While Bumi Resources fell 1.89% and Timah declined 1.1%.
Nymex’s crude oil declined 0.15% to US$101.80 per barrel while gold increased 0.32% to US$1,978.22 per ounce. The rupiah strengthened to Rp11,577 against the US dollar.