JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.89% at 4726 Thursday (March 13) led by gains in mining stocks.
Asian shares cautiously rebounded from two-week lows on Thursday but gains were pared after disappointing retail sales and factory output data underscored investors’ concerns over slowdown in China, Reuters reported.
In Jakarta bourse, Adaro Energy rose 2.65%, Bumi Resources jumped 8.9%, Energi Mega Persada soared 10.99%, Bumi Resources Minerals hiked 2.53%, and Perusahaan Gas Negara gained 3.8%.
Other gainers were Bank Rakyat Indonesia (+1.9%), Kalbe Farma (+2.12%), Jababeka (+2.19%), Telkom (+1.15%), Bank Tabungan Negara (+2.07%), Adhi Karya (+4.26%), Wijaya Karya (+2%), Pakuwon Jati (+1.89%), Matahari Putra Prima (+2.2%), and Hanson International (+2.6%).
Nymex’s crude oil inched down 0.02% to US$97.97 per barrel while gold increased 0.2% to US$1,373.20 per ounce. The rupiah strengthened to Rp11,387 against the US Dollar.