Monday, August 03, 2009

IDX gained another 0.67%

As far as stock market is concerned, Indonesia has returned to the pre-crisis. IDX composite index gained another 15.56 points today to close at 2338, the highest level since July 2nd, 2008. It is still 17% below its peak in early January 2008. 
IDX gained 85% since early March 2009, one of the best gainers in the world. Bakrie-related stocks dominated the trading, pretty much similar to the pre-crisis. All of them were declined on profit taking, with Bumi Resources lost 5.36%, Darma Henwa -6.82%, Bakrieland -4.2%, Energi Mega Persada -4%, Bakrie Telecom -3.6%, Bakrie & Brothers -1.9%, and Bakrie Sumatra -1.3%. 
BUMI dominated the trading with 960 million shares exchanged hands with transaction value over Rp2.6 trillion, followed by Bakrie & Brothers with Rp307 billion, and Energi Mega with Rp220 billion. Most blue chip stocks ended higher, led by INCO with 8.14% gain, Aneka Tambang 4.6%, Astra +3.8%, Indosat +4.6%, Timah +4.8%, and BCA with +2%.
Some stocks are even higher than pre-crisis level. BRI, for example, is currently 18% above its September 2008 peak when the stock market started to fall significantly. BCA's current price is even the highest ever. Telkom is currently higher than March 2008 price. Semen Gresik is already the highest in two years time. Astra International touched its historic high today at Rp30400. The previous high was Rp29500 in January 2008.




Post a Comment

<< Home