Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Indonesia stocks higher at close of trade; IDX Composite Index up 0.47%

Published 07/28/2016, 06:15 AM
© Reuters.  Indonesia stocks higher at close of trade; IDX Composite Index up 0.47%
JKSE
-
JKBIND
-
JKMNFG
-
JKMING
-
BSWD
-
SMRU
-
BJTM
-
IMJS
-
BPFI
-
ALKA
-

Investing.com – Indonesia stocks were higher after the close on Thursday, as gains in the Basic Industry, Mining and Manufacturing sectors led shares higher.

At the close in Jakarta, the IDX Composite Index gained 0.47% to hit a new 52-week high.

The best performers of the session on the IDX Composite Index were Alakasa Industrindo Tbk (JK:ALKA), which rose 25.00% or 37 points to trade at 185 at the close. Meanwhile, Indomobil Multi Jasa Tbk (JK:IMJS) added 18.11% or 46 points to end at 300 and Bank Pembangunan Timur Tbk (JK:BJTM) was up 15.74% or 85 points to 625 in late trade.

The worst performers of the session were Bank Of India Indonesia Tbk (JK:BSWD), which fell 9.86% or 210 points to trade at 1920 at the close. Batavia Prosperindo Finance (JK:BPFI) declined 9.52% or 60.00 points to end at 570.00 and Smr Utama Tbk (JK:SMRU) was down 9.35% or 20 points to 194.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 196 to 122 and 86 ended unchanged.

Shares in Alakasa Industrindo Tbk (JK:ALKA) rose to 52-week highs; gaining 25.00% or 37 to 185. Shares in Bank Of India Indonesia Tbk (JK:BSWD) fell to 52-week lows; down 9.86% or 210 to 1920. Shares in Bank Pembangunan Timur Tbk (JK:BJTM) rose to all time highs; gaining 15.74% or 85 to 625.

Crude oil for September delivery was down 0.33% or 0.14 to $41.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.61% or 0.27 to hit $43.64 a barrel, while the December Gold contract rose 0.96% or 12.85 to trade at $1347.35 a troy ounce.

USD/IDR was down 0.17% to 13101.0, while AUD/IDR rose 0.23% to 9805.30.

The US Dollar Index was down 0.28% at 96.48.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.