JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.2% at 4969 on Thursday (May 22) inline with regional markets sentiment. Asia shares hit one-year high. Japan’s Nikkei led with 2.1% gain.
Investors collected stocks after an upbeat reading on China’s factory sector burnished risk appetite and blunted some of the more pessimistic views on the world’s second-biggest economy, Reuters reported. HSBC China flash PMI (Purchasing Managers’ Indexes) climbed to a five-month high of 49.7 in May.
In Jakarta bourse, political development also remain a concern of investors.
Miners led market’s gain. Aneka Tambang jumped 5.04%, Vale Indonesia rose 2.6%, and Timah hiked 3.86%. Perusahaan Gas Negara also gained 2.23%.
Other gainers were Bank Rakyat Indonesia (+3.1%), Bank Mandiri (+2.2%), BW Plantation (+2.75%), London Sumatera (+2.69%), and Telkom (+2.2%).
Nymex’s crude oil inched down 0.05% to US$104.02 per barrel while gold rose 0.5% to US$1,294.50 per ounce. The rupiah weakened further to Rp11,515 against the US dollar.