JAKARTA (Yosefardi) – As happen on Tuesday (July 1), the composite index of the Indonesia Stock Exchange (IDX) ended higher, though profit taking dragged it into negative territory ahead of the market close, as late buying helped.
On Wednesday (July 2), IDX ended up 0.48% at 4908. The index moved at range of 4879-4908.
Asian stocks scored a three-year peak on Wednesday in the wake of upbeat global economic data that whetted risk appetites and helped Wall Street taste all-time highs.
In domestic front, the development of political issues ahead of 9 July Presidential election also affected the investors’ mood. The release of May 2014 trade surplus and June inflation helped market’s sentiment.
Bumi Resources jumped 4%, Adaro Energy gained 3%, Astra International rose 1.36%, Bumi Serpong Damai hiked 2.04%, Lippo Karawaci lifted 1.05%, Timah climbed 2.73%, and Visi Media surged 5.66%.
Among losers were BW Plantation (-1.23%), London Sumatra (-1.32%), Multipolar (-2.08%), and Hanson International (-1.61%).
Nymex’s crude oil inched up 0.01% to US$105.35 per barrel and gold inched up 0.02% to US$1,326.80 per ounce. The rupiah weakened to Rp11,854 against the US dollar.