JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed down 1.86% at 4,595 Friday (Sept 20) in line markets in the region. Hong Kong and Shanghai closed trading for holiday.
After the sharp moves of Wednesday and Thursday, Asian and early European trading was largely subdued as investors took stock of their positions and locked in some of the gains, with half an eye on German elections on Sunday, Reuters reported.
World shares steadied at a five-year high on Friday and bond and commodity markets were consolidating a week of major gains after the U.S. Federal Reserve’s shock decision to keep its stimulus intact.
In Jakarta bourse, banking and property stocks led market’s fall. Among property stocks, Alam Sutera fell -2.9%, Bumi Serpong Damai lost 3.6%, Lippo Karawaci declined 2.96%, and Sentul City dropped 6.67%.
For banking, Bank Central Asia shed 2.78%, Bank Rakyat Indonesia dropped 4.79%, Bank Negara Indonesia lost 6.49%, and Bank Mandiri slided 3.24%.
Other losers were Telkom (-2.1%), Astra International (-2.8%), Waskita Karya (-2.99%), Wijaya Karya (-3.57%), Global Mediacom (-3.9%), Media Nusantara Citra (-8.2%), and Charoen Pokphand (-15.48%).
Among gainers included Bank Tabungan Negara (+0.9%), Aneka Tambang (+0.66%), Matahari Putra Prima (+7.32%), Japfa Comfeed (+1.3%), Visi Media (+6.98%), Kalbe Farma (+0.74%), and Trada Maritime (+2.58%).
Nymex’s crude oil inched down 0.04% to US$105.82 per barrel. The rupiah weakened again to Rp11,352 against the US Dollar.