Thursday, August 13, 2009

IDX rebounds, Bakrie-heavy

IDX composite index rebounded 49 points or 2.1% to 2396 as investors on regional sentiments and IEA's energy outlook which boosted energy stocks. Bakrie-related stocks, as usual, dominated the trading. 
Seven stocks related to Bakrie Group led the gainers with Bakrie Sumatra (plantation) surged 12.36%, while Bumi Resources jumped 8.6%. Bakrieland also surged 8.6%, while Bakrie & Brothers gained 5.34%, Bakrie Telecom +4.73%, Energi Mega +4.9%, and Darma Henwa +4.4%. Combined trading value of seven Bakrie-related stocks is Rp3.38 trillion.

  (Rp Billion)
BUMI 1842
UNSP 546
ELTY 357
BNBR 275
DEWA 129
ENRG 116
BTEL 111
Total 3376

Coal stocks closed mainly higher. Adaro +3.6%, Bukit Asam +2.7%, Indo Tambangraya +1.8%, Indika +1%. Their peers? Shenhua gained almost 3%, China Coal +2.3%, and Straits Asia +4.7%. Xstrata, the world's largest thermal coal exporter, opened significantly higher by 5% in London. 
Oil and gas stocks? CNOOC, Petrochina, and Sinopec closed in higher grounds, so were Medco, PGN, and Elnusa in Jakarta. Woodside and Santos also gained significantly in Australia as crude oil returned to over US$71 per barrel after IEA announced a positive outlook on energy market.
Metals? Aneka Tambang and Inco jumped 4.8% and 4.7% respectively, while Timah surged 5.6%. Their peers? Jinduicheng also hiked 5.2%, while Anglo American and Rio Tinto opened higher by 5% respectively in London.
Plantation stocks? One of the biggest days. Golden Agri and Indofood Agri continued their rally in Singapore by 7.4% and 5.6% respectively, while PP Lonsum and Sampoerna Agro gained 5.4% and 3.5% respectively in Jakarta. Astra Agro, meanwhile, gained only by 2.5%. CPO futures contracts in Malaysia Derivatives Exchange crossed RM2500 per ton for October 2009 delivery.
Even though IDX composite failed to stay above 2400, IDX is already the best in the region with 76.8% gain this year, even better than Shanghai (72.5%). (th/ya)

Regional Indexes 13-Aug Dec-08 YTD (%)
IDX  2,396 1,355 76.8
Nikkei 10,517 8,860 18.7
Hang Seng 20,861 15,043 38.7
All Ordinaries 4,436 3,659 21.2
SSE 3,140 1,821 72.5
BSE 15,486 9,647 60.5
Straits Times 2,614 1,762 48.4
Kospi 1,564 1,124 39.1




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