JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.13% at 4884 Tuesday (July 1) with late buying helping.
The index was volatile as positive and negative news affected the sentiment. The index moved at range of 4862 to 4884.
The decision of the Democrats Party, chaired by president Sisilo Bambang Yudhoyono (SBY), to support Prabowo-Hatta pair, prompted the selling mood in half session of morning trade.
But the mood changed to buying, for some investors, following the release of May 2014 trade surplus and June inflation.
Regional and global markets also support buying sentiment ahead of the market close as Japan’s Nikkei rose to a one-week high (1.08% gain) as upbeat China factory reports offset some weak spots in the Bank of Japan tankan survey.
Astra International gained 1.03%, Bank Mandiri rose 1.03%, Bumi Resources increased 2.94%, Kalbe Farma hiked 1.51%, Timah lifted 1.59%, Bank Tabungan Negara gained 1.44%, Multipolar jumped 6.67%, and Hanson International advanced 2.48%.
Among losers were Bumi Serpong Damai (-1.01%), London Sumatra (-1.51%), and Perusahaan Gas Negara (-1.35%).
Nymex’s crude oil inched down 0.01% to US$105.85 per barrel while gold rose 0.45% to US$1,327.90 per ounce. The rupiah strengthened further to Rp11,798 against the US dollar.