JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.1% at 4602 this morning but profit taking emerged.
Asian stocks advanced, with a regional gauge reversing its weekly drop, as a rebound in metals spurred gains for materials shares and investors awaited a report on China’s industrial profits, Bloomberg reported.
Nymex’s crude oil fell 1% to US$42.61 per barrel in Asian trading this morning and gold inched down 0.04% to US$1,069.30 per ounce.
Eagle High Plantations gained 1.92%, Vale Indonesia rose 2.54%, London Suamtra increased 1.17%, and Timah jumped 4.59%.