JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.05% at 4555 Monday (Feb 17), led by gains in construction stocks.
Asian shares built on their recent rally on Monday as worries about emerging markets continued to ebb, sucking the safe-haven support out of the U.S. dollar while giving commodities a lift, Reuters reported.
In Jakarta bourse, investors focused buying construction stocks. Shares of state construction firms Adhi Karya jumped 9.95%, Waskita Karya surged 6.4%, Perumahan Rakyat increased 3.57%, and Wijaya Karya gained 3.2%.
Waskita Karya had reported 44% jump in net profit for 2013. While PTPP’s profit surged by 36%.
Banking stocks also gained. Bank Tabungan Negara hiked 6.73%, Bank Rakyat Indonesia rose 2.58%, Bank Negara Indonesia climbed 2.05%, and Bank Mandiri lifted 1.39%.
Other gainers were Adaro Energy (+3.17%), Alam Sutera (+3.5%), and Lippo Karawaci (+2.14%).
Nymex’s crude oil increased 0.2% to US$98.73 per barrel and gold rose 1.45% to US$1,318.60 per ounce. Bank Indonesia recorded mid rate of the rupiah at 11,716 against the US Dollar, compared to previous close of Rp11,886.