JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.12% at 5269 on Wednesday (Jan 28) and trade was volatile. The index moved at range of 5263-5279 during the day trading.
Asian stocks showed some resilience on Wednesday as investors speculated whether the Federal Reserve could take a dovish turn in its post-meeting statement later in the session, amid signs a stronger dollar was hurting U.S. corporate profits, Reuters reported.
At Jakarta bourse, Aneka Tambang fell 1.4%, Bank Rakyat Indonesia declined 1.89%, Bank Danamon lost 4.49%, Bumi Serpong Damai dropped 5.24%, BW Plantation shed 2.44%, and Indofood slashed 1%.
While Bumi Resources gained 1%, Bank Tabungan Negara rose 1%, Wijaya Karya increased 1.24%, and Berau Coal climbed 1.4%.
Nymex’s crude oil fell 1.67% to US$45.46 per barrel and gold declined 0.24% to US$1,288.60 per ounce. The rupiah slightly weakened to Rp12,498 against the US dollar.