JAKARTA (Indonesia Today) – Composite index of the Indonesia Stock Exchange (IDX) opened higher by 0.15% at 5,007.08 this morning following gains regional markets. However, profit taking emerged as investors prefer short-term gains.
The buying in stocks is also prompted by positive corporate earnings for the first quarter of 2013. While Nymex’s crude oil declined 0.18% to US$94.33 per barrel in Asian trading this morning.
Bank Negara Indonesia gained 1.89%, Bank Rakyat Indonesia rose 1.63%, while Bank Central Asia lost 1.82%. Alam Sutera increased 0.95%, Telkom climbed 2.63%, and Trada Maritim hiked 2.07%.
While Astra International, Adaro Energy, Bumi Resources and Kalbe Farma were in red. (hans@theindonesiatoday.com)