Late Buying Helps IDX Composite Recovers - The Indonesia Today

Composite index of IDX closed slightly higher by 0.01% at 3.416,795, with late buying helping the index recovered from its morning losses. Rebound of some regional markets also supported the buying in local stocks ahead of the market close.

Leading gainers were Bank Danamon which jumped 3.25%, AGIS that rose 0.79% and Matahari which rocketed 17.36% following its dividend and non-current assets divestment reports.

Leading losers were Delta Dunia (-4.65%), Adaro Energy (3.09%), Bukit Asam (-1.78%) and Elnusa (-1.59%).

Astra, BCA and Bumi also slipped. While Telkom and Bank Mandiri traded flat.

State airline continues further correction by decreasing 5.08% today. With the fall, the company had dropped up to 15.7% in the first 3 days trade.

Regional stocks closed mixed, led by Hang Seng which hiked 1.12%, followed by Shanghai SSE (0.86%), Nikkei (0.57%), Straits Times (0.56%), and Bursa Malaysia (0.06%). Meanwhile, Kospi fell 1.06%, and All Ordinaries slipped 0.02%.

Rupiah strengthened 0.2% to Rp8,904 against the dollar. Crude oil increased 0.63% to US$84.84 per barrel.