JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.8% at 5031, new high since May 2013, with Telkom leading the market’s gain.
The IDX reached its higest at 5068 in May 2013. Telkom jumped 5.63% with over 109 million shares exchanged hands.
Other gainers were Bumi Resources (+6.67%), Bank Mandiri (+2.66%), Bank Negara Indonesia (+1.3%), Bank Rakyat Indonesia (+1.89%), Astra International (+1.32%), Bank Tabungan Negara (+3.62%), and Multipolar (+2.7%).
Most investors are still waiting conclusions of coalition talks of political parties ahead of the president and vice president registration in the coming days.
But some are expecting a shorter period of political uncertainty as more signals point to one-round of presidential election in July 9.
Among losers were Aneka Tambang (-3.17%), Vale Indonesia (-4.68%), Timah (-1.31%), and Waskita Karya (-1.27%).
Nymex’s crude oil inched up 0,03% to US$101.53 per barrel and gold inched up 0.01% to US$1,293.60 per ounce. The rupiah strengthened to Rp11,415 against the US dollar.