JAKARTA (Indonesia Today) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.62% at 4,226.89 on Tuesday (Sept 25) while regional markets closed mixed.
IDX index moved up and down in the morning trade on lack of news but consistenly moved up in the afternoon session.
Stock index futures in Wall Street pointed to a slightly higher open on Tuesday, with futures for the S&P 500 up 0.12 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.05 percent at 0750 GMT.
European shares inched up in morning trade, but profit taking emerged.
In Asia, Japan’s Nikkei gained 0.25%, New Zealand’s NZSE 50 rose 0.42%, Malaysia’s KLSE increased 0.38%, India’s BSE up 0.21% while Hong Kong’s Hang Seng inched up 0.02%. While Korea’s KOSPI, Shanghai and Australia’s ALL Ordinaries closed down.
In Jakarta bourse, Bumi Resources and Bakrie-related stocks rebound after dropped significantly on Monday (Sept 24) after Bumi Plc, big shareholders of Bumi Resources, announced it said it was investigating potential financial irregularities.
Bumi Resources gained 1.47% to Rp690 per share on Tuesday (Sept 25). Bakrie Telecom up 6.76%, Bumi Resource Minerals +6%, Bakrieland +3.85%, Energi Mega Persada+7.14%, Bakrie Sumatera Plantation +3.76% and Visi Media jumped 13.98%. While Berau Coal Energy (BRAU) fell 2.23%.
Nymex crude oil rose 0.61% to US$92.49 per barrel. The rupiah weakened to Rp9,580 against the US Dollar. (hans@theindonesiatoday.com)