JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.01% at 4201 Thursday (Jan 9) but trade was very volatile.
The index open lower in morning trade but then regained ground. However it experienced a steep drop, turned into negative territory, one hour ahead of the market close. But late buying in certain stocks helped lifting the index to close in green zone.
The BI Rate policy decision, made through the meeting of the governors of central bank, Bank Indonesia today, mainly weighed on the market sentiment.
Asian shares also wavered on Thursday after a lackluster performance on Wall Street overnight and ahead of a key U.S. jobs report due out the following day, Reuters reported.
In Jakarta bourse, Bank Rakyat Indonesia, Bank Negara Indonesia, and Kalbe Farma gained more than 2%. Matahari Putra Prima also rose 2%, Visi Media increased 2.19%, and Bumi Resources Minerals hiked 1.52%.
Among losers were Astra International (-0.37%), Alam Sutera (-0.89%), Bank Mandiri (-0.32%), London Sumatra (-4.4%), and Telkom (-0.7%).
Nymex’s crude oil inched up 0.08% to US$87.48 per barrel and gold inched up 0.03% to US$1,225.90 per ounce. The rupiah weakened again to Rp12,263 against the US Dollar.