Coal Stocks Help JCI Gains 12bps

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  • TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) closed this month with a strong note. On Monday, October 31, the JCI closed with a gain of 0.23 percent (12.27 bps) to 5,422.54 after opening in the green zone at 5,413.57.

    Throughout the day, the index moved between 5,406.01 and 5,429.07. 

    The index's gain was supported by mining stocks' appreciation of 1.15 percent. Trade stocks also strengthened by 1.10 percent, as with six out of nine sector indexes. Meanwhile, three sectors weakened, with basic industry stocks falling by 0.81 percent.

    Universal Broker Indonesia's chief researcher Satrio Utomo said coal stocks' appreciation was the main sentiment for today's JCI gain. 

    "Seeing coal stocks gain, other shares that are based on coal also moved up," he said today as Bisnis Indonesia reported.

    Listed coal companies that posted stock price gains include Bumi Resources (BUMI) with the highest climb of 25.15 percent. BUMI was followed by Darma Henwa (DEWA) with a 7.69-percent gain.  

    The Indonesia Stock Exchange (IDX) today saw 538 shares traded, of which 163 posting price gains and 154 weakened. Meanwhile, 221 stocks were unchanged. 

    BISNIS.COM