- ANTARA/Rosa Panggabean
VIVAnews - Investors will likely accumulate commodity shares, mainly on mining industry, today, Jan 19, at the Indonesia Stock Exchange (IDX).
According to Ukie Jaya Mahendra, an analyst from the Indonesia Securities Analyst Association, shares on mining sectors such as Bumi Resources Tbk and Indo Tambangraya Megah Tbk still attract market players.
As reported, the Jakarta benchmark index at the Indonesia Stock Exchange (IDX) closed a12.92 points (0.36 percent) to 3,548.65 during yesterday's trade.
Gina Novrina Nasution, a stock market observer, also said the decrease in world coal supply by virtue of the Australian floodwater gave positive sentimet over the Indonesian coal shares.
Coal prices now reach US$136.30 per metric ton based on weekly prices in Newcastle compared to the previous level of US$129. In addition, crude palm oil prices are also revised at US$1,200 per ton.
The recommended shares include Bukit Asam Tbk, Bumi, ITMG, Borneo Lumbung Energi dan Metal Tbk, and Astra Agro Lestari Tbk.
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Translated by: Bonardo Maulana W
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