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Indonesia stocks higher at close of trade; IDX Composite Index up 1.58%

Published 03/16/2017, 06:15 AM
Updated 03/16/2017, 06:15 AM
© Reuters.  Indonesia stocks higher at close of trade; IDX Composite Index up 1.58%

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

At the close in Jakarta, the IDX Composite Index added 1.58% to hit a new 52-week high.

The best performers of the session on the IDX Composite Index were Lotte Chemical Titan Tbk (JK:FPNI), which rose 24.62% or 96 points to trade at 486 at the close. Meanwhile, Asuransi Bintang Tbk (JK:ASBI) added 20.69% or 60.00 points to end at 350.00 and Atlas Resources Tbk (JK:ARII) was up 20.51% or 80 points to 470 in late trade.

The worst performers of the session were Bakrie Sumatera Plantations (JK:UNSP), which fell 21.61% or 86 points to trade at 312 at the close. Panasia Indo Resources Tbk (JK:HDTX) declined 15.25% or 90 points to end at 500 and Prima Alloy Steel Universal (JK:PRAS) was down 11.93% or 26 points to 192.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 184 to 120 and 120 ended unchanged.

Shares in Lotte Chemical Titan Tbk (JK:FPNI) rose to all time highs; gaining 24.62% or 96 to 486.

Crude oil for April delivery was up 1.00% or 0.49 to $49.35 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 1.08% or 0.56 to hit $52.37 a barrel, while the April Gold Futures contract rose 1.96% or 23.55 to trade at $1224.25 a troy ounce.

USD/IDR was up 0.64% to 13331.2, while AUD/IDR fell 0.21% to 10187.00.

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The US Dollar Index Futures was up 0.09% at 100.45.

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