JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.38% to 4251 Wednesday (November 27), regaining from more than 2% drop on Tuesday (November 26).
However the trade was volatile. The index opened higher in morning session but profit taking hit, leading the index to close flat at midday. Profit taking extended at early afternoon trade, dragging the index into negative territory. Since then, the index was rebounding and closing at green zone.
Most markets in the region also closed in green zone. In Jakarta bourse, Alam Sutera jumped 5.49%, Bumi Serpong Damai gained 2.2%, Lippo Karawaci rose 2.25%, Perusahaan Gas Negara surged 6.18%, and Telkom climbed 4.94%.
Among losers were Bank Rakyat Indonesia (-1.35%), Bank Mandiri (-1.95%), Kalbe Farma (-2.38%), and Aneka Tambang (-2.3%).
Nymex’s crude oil declined 0.27% to US$93.43 per barrel while gold increased 0.47% to US$1,247.30 per ounce. The rupiah continued weakening against the US Dollar as it reached Rp11,813 level Wednesday (Nov 27), the lowest level since March 2009.