JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.04% at 4646 Friday (Feb 21), highest for the past 18 months. Regional markets also supported.
A survey showing brisk U.S. manufacturing activity gave Asian stock markets a lift on Friday and bolstered the dollar, though underlying concerns about China’s economic growth could keep investors from rushing to buy some emerging market assets, Reuters reported.
In Jakarta bourse, investors focused buying blue chip stocks, mainly banking and property stocks, as well as construction stocks.
Among property stocks, Alam Sutera jumped 5.3%, Bumi Serpong Damai gained 1.6%, and Lippo Karawaci rose 2.15%.
For banks; Bank Negara Indonsia surged 5%, Bank Rakyat Indonesia up 1.05%, and Bank Mandiri increased 2.17%.
Construction stocks were also focus of buying. Waskita Karya hiked 4.65%, Wijaya Karya lifted 2.84%, and Adhi Karya climbed 5.96%.
Nymex’s crude oil declined 0.14% to US$102.61 per barrel while gold increased 0.25% to US$1,320.20 per ounce. The rupiah weakened to Rp11,792 against the US Dollar.