JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher this morning, but profit taking hit, cutting the index gain, to only 0.07% to 4752 at early trade.
While Asian stocks swung higher on Tuesday as a periodic revival in investor risk appetite led to a bounce in beaten-down commodities and a small step back for the U.S. dollar, Reuters reported.
Nymex’s crude oil declined 0.48% to US$45.44 per barrel in Asian trading this morning and gold fell 0.77% to US$1,095.70 per ounce.
Aneka Tambang gained 1.7%, Bumi Serpong Damai rose 1.15%, Eagle High Plantation increased 1.36%, Vale Indonesia hiked 2.3%, Indo Tambangraya lifted 1.79%, Timah jumped 4.1%, and United Tractors climbed 1.1%.