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Indonesia stocks higher at close of trade; IDX Composite Index up 0.71%

Published 05/23/2018, 06:15 AM
Updated 05/23/2018, 06:20 AM
© Reuters.  Indonesia stocks higher at close of trade; IDX Composite Index up 0.71%

Investing.com – Indonesia stocks were higher after the close on Wednesday, as gains in the Financials, Consumer Industry and Basic Industry sectors led shares higher.

At the close in Jakarta, the IDX Composite Index gained 0.71%.

The best performers of the session on the IDX Composite Index were Forza Land Indonesia Tbk PT (JK:FORZ), which rose 18.00% or 90 points to trade at 590 at the close. Meanwhile, Fks Multi Agro Tbk (JK:FISH) added 13.04% or 300 points to end at 2600 and Toba Pulp Lestari Tbk (JK:INRU) was up 12.14% or 105 points to 970 in late trade.

The worst performers of the session were Arita Prima Indonesia Tbk (JK:APII), which fell 25.00% or 55 points to trade at 165 at the close. Steady Safe TBK PT (JK:SAFE) declined 24.76% or 52 points to end at 158 and Tira Austenite Tbk (JK:TIRA) was down 22.86% or 48.00 points to 162.00.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 201 to 173 and 109 ended unchanged.

Shares in Arita Prima Indonesia Tbk (JK:APII) fell to 3-years lows; down 25.00% or 55 to 165. Shares in Steady Safe TBK PT (JK:SAFE) fell to 52-week lows; losing 24.76% or 52 to 158. Shares in Tira Austenite Tbk (JK:TIRA) fell to 52-week lows; losing 22.86% or 48.00 to 162.00.

Crude oil for July delivery was down 0.69% or 0.50 to $71.70 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.96% or 0.76 to hit $78.81 a barrel, while the June Gold Futures contract rose 0.35% or 4.50 to trade at $1296.50 a troy ounce.

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USD/IDR was up 0.58% to 14203.5, while AUD/IDR fell 0.07% to 10734.00.

The US Dollar Index Futures was up 0.26% at 93.75.

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