JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 3.68% to close at 4,649.99 on Thursday (June 20) inline with regional market sentiment.
Most regional markets also fell by 1-2%. Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already unnerved by the U.S. Federal Reserve Chairman Ben Bernanke confirming the Fed would begin reducing its stimulus spending later this year, Reuters reported.
In Jakarta bourse, banking stocks led market’s fall. Bank Rakyat Indonesia dropped 7.5%, Bank Negara Indonesia lost 7.98%, Bank Mandiri slumped 6.9%, Bank Central Asia slid 5%, and Bank Bukopin declined 2.7%.
Blue chips also fell such as Astra International (-3.65%), Alam Sutera (-6.98%), Lippo Karawaci (-5%), Kawasan Industri Jababeka (-5.4%), Kalbe Farma (-6.8%), and Telkom (-4.55%).
Other losers were Media Nusantara Citra (-8%), Global Mediacom (-8.89%), Multipolar (-9.23%), and Bhakti Investama (-5.05%).
Nymex’s crude oil dropped 2.12% to US$95.16 against the US Dollar. The rupiah weakened to Rp9,927 against the US Dollar.