JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.3% at 4910 Wednesday (May 21), regaining from more than 3% drop early this week along with the political development, mainly the presidential race scheduled in July.
The trade was, however, volatile with the index moving at range of 4868 to 4913. While regional markets closed mostly in red zone.
Bumi Serpong Damai gained 2.3%, Bumi Resources rose 3.35%, Perusahaan Gas Negara increased 2.28%, and Telkom climbed 2.06%. Adhi Karya also gained 1.75%, Media Nusantara Citra rose 1.53%, Multipolar jumped 5.1%, and Matahari Putra Prima hiked 1.58%.
Among losers were Adaro Energy (-1.15%), BW Plantation (-1.16%), Vale Indonesia (-2.93%), Kalbe Farma (-2.42%), Timah (-1.04%), and Bank Tabungan Negara (-1.78%).
Nymex’s crude oil increased 0.76% to US$103.11 per barrel while gold inched down 0.01% to US$1,294.50 per ounce. The rupiah weakened further to Rp11,507 against the US dollar.