JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.24% to 4,418 on Tuesday (June 25) inline with most market in Asia region.
IDX composite opened higher in morning trade but then turned into negative territory. In afternoon session, IDX
regained ground. Unfortunately late selling in certain stocks pushed again the index into negative territory.
Korea’s KOSPI lost 1% while Shanghai cut loss, only inched down 0.19%. While Hong Kong’s Hang Seng regained 0.2%. India’s BSE also rebounded.
A late recovery in Chinese stocks and comments by top Federal Reserve officials that eased fears of an imminent end to its stimulus lifted shares and bonds off their lows on Tuesday and cooled a rally in the dollar, Reuters reported.
In Jakarta bourse, foreign investors booked net sell of Rp1.17 trillion. Some 4.75 billion shares valuing of Rp6.3 trillion were exchanged hands. Trade was mixed as gainers outnumbered losers 127 to 122, with 98 shares unchanged.
Among losers were Kalbe Farma, Telkom, Astra International, and Bank Mandiri. While gainers included Perusahaan Gas Negara, Global Mediacom, Waskita Karya, Media Nusantara Citra and Wijaya Karya.
Nymex’s crude oil rebounded 0.79% to US$95.93 per barrel. The rupiah weakened to Rp9,948 against the US Dollar.