JAKARTA (Yosefardi) – Mining stocks become a focus of buying in the Indonesia Stock Exchange (IDX) this morning, helped cap the index’s fall led by blue chip stocks.
Investors start collecting mining stocks at IDX as the stocks have dropped substantially year to date. Mining stocks got a boost from global sentiment in resources stocks.
At 10.28 am Jakarta time, Timah surged 16.52%, Vale Indonesia jumped 12.36%, and Aneka Tambang soared 10.08%. While Medco Energi and Energi Mega rose 5.26% and 4.46% respectively.
Coal miners also jumped. Adaro Energy lifted 7.69%, Indo Tambangraya hiked 7.36%, and Harum Energy climbed 5%.