JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 2.24% to close at 4,101.23 Monday (September 2), but closed off its lows, as investors worried about high inflation rate.
Meanwhile, most regional markets ended in green with Hong Kong’s Hang Seng gaining 2.04%. Australia’s All Ordinaries, Japan’s Nikkei, and India’s BSE also rose more than 1%.
Opened higher, the index moved volatile in the morning session until the Central Bureau of Statistics (BPS) announced August inflation of 1.12%.
Almost all blue chip stocks lost ground. Astra International fell 2.48%, Alam Sutera dropped 5.45%, Bank Rakyat Indonesia shed 3,79%, Bank Negara Indonesia slashed 7.79%, Bank Mandiri lost 5.63%, Bumi Serpong declined 5.34%, and Charoen Pokphand dropped 8.89%.
Other losers were Indofood (-9.23%), Lippo Karawaci (-6.09%), Kalbe Farma (-3.7%), Perusahaan Gas Negara (-4.63%), Telkom (-2.27%), Media Nusantara Citra (-5.93%), and Matahari Putra (-6.98%).
Among gainers were Aneka Tambang (+3.01%), Garuda Indonesia (+1.04%), Adaro Energy (+3.23%), BW Plantation (+4.4%), and London Sumatra (+3.36%).
Nymex’s crude oil declined 0.96% to US$107.65 per barrel. The rupiah was traded flat at Rp10,922 against the US Dollar. (yohanneso@yosefardi.biz)