JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.08% at 5085 Monday (November 3) with late buying helping the index to close off its low.
IDX opened higher at morning but turned to red after ten minutes of trading. The selling continued pushing down the index during the day trading but started to cut losses ahead of the market’s close.
Investors are now awaiting the announcement of the fuel price hike by the central government.
While the Central Bureau of Statistics (BPS) revealed Monday that Indonesia posted trade deficit of US$270 million in September 2014. In previous month, the country also posted trade deficit of US$318 million. October inflation was 0.47%, compared to 0.27% in previous month.
Aneka Tambang fell 2.58%, Alam Sutera declined 1.5%, Bumi Resources slashed 1.45%, Vale Indonesia dropped 3%, Kalbe Farma shed 1.17%, and Timah fell 2.43%.
While gainers were Adaro Energy (+1.3%), Astra International (+1.48%), London Sumatra (+2.57%), Global Mediacom (+1.79%), and Hanson International (+1.6%).
Nymex’s crude oil declined 0.62% to US$79.92 per barrel and gold fell 0.24% to US$1,168.80 per ounce. The rupiah weakened to Rp12,105 against the US dollar.