JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.17% at 5166 on Tuesday, with late buying helping the index to gain ground.
The index opened in green in early morning trade but then fell into red zone. In afternoon trade, the index cut its losses and regained at the market close. It moved at range of 5121-5166 during the day trading.
Asian markets breathed a sigh of relief on Tuesday after China reported its economy had not slowed as far as many had feared, a rare glint of brightness amid gloom over the global outlook, Reuters reported.
Adaro Energy gained 3.7%, Vale Indonesia rose 3.1%, Lippo Karawaci increased 1.48%, London Sumatra climbed 1.06%, Perusahaan Gas Negara hiked 1.44%, and Telkom lifted 1.58%.
Other gainers were Adhi Karya (+2.44%), Waskita Karya (+3.44%), Global Mediacom (+2.7%), Nirvana Development (+2.62%), and Visi Media (+3.29%)).
Cement shares regained after recent sell-off following government’s selling price cut. Indocement gained 2.4%, Semen Indonesia rose 0.56%, and Semen Baturaja increased 0.54%.
Among losers were Bank Negara Indonesia (-1.26%), Bumi Resources (-4.67%), BW Plantation (-1.9%), Inovisi (-14.29%), Multipolar (-2.19%), and Trada Maritim (-21.18%).
Nymex’s crude oil retreated 3.25% to US$47.11 per barrel while gold rose 1.07% to US$1,290.50 per ounce. The rupiah weakened further to Rp12,659 against the US dollar.