IDX Composite Ends Up, Deflation Report Spurs Sentiment - The Indonesia Today

Composite Index of IDX piercing the next level of 3,700 by heating up 0.78% (28.81 points) to 3,717.49 in line with gains in regional market. March deflation report also spurred buying sentiment in local stocks.

Mining companies ITMG and ADRO made more steam by jumping 4.11% and 3.41%, so did DOID by growing 2.68%. UNTR, meanwhile, lost 1.15%, BUMI declined 0.75%, and PGAS retreated 0.64%.

Banking stocks BBRI and BMRI gained 1.74% and 0.74% respectively, while BJBR stood flat.

Among blue chips, ASII and BBCA lifted 1.58% and 2.16%. PT Telkom conceded further by 0.68%.

While, travel agency PT Bayu Buana rocketed 24.53% without any reports made.

In regional markets, Hang Seng and SSE surged 1.17% and 1.33% respectively, followed by Kospi (0.68%) and KLSE (0.66%). Straits Times and All Ordinaries gained 0.65% and 0.53% respectively. Meanwhile, Nikkei fell 0.48% and BSE Sensex declined 0.28% an hour before closing.

New York Mercantile Exchange recorded light sweet crude oil stood at US$107 per barrel. In the other hand, Bank Indonesia said Indonesian Rupiah strengthened 10 points to Rp8,699 per US Dollar.