JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped by 3.68% on Monday (July 8), led by property and banking stocks.
Regional markets also closed in red. Shanghai lost 2.4%, Japan’s Nikkei fell 1.4%, and Hong Kong’s Hang Seng shed 1.3%.
In Jakarta bourse, property stocks led market’s fall. Alam Sutera dropped 9.46%, Bumi Serpong Damai lost 10.18%, and Lippo Karawaci plummeted 12%.
Banking stocks also closed in red; Bank Rakyat Indonesia (-5.8%), Bank Mandiri (-6.13%), Bank Negara Indonesia (-5.52%), Bank Central Asia (-3.68%), Bank Bukopin (-5.7%).
Also falling were Multipolar (-15%), Matahari Putra Prima (-17.59%), Waskita Karya (-8.2%), Wijaya Karya (-8.3%), Hanson International (-7.14%), Adaro Energy (-3.8%), Astra International (-2.2%), and Trada Maritim (-1.43%).
Nymex’s crude oil declined 0.3% to US$102.89 per barrel. The rupiah weakened to Rp9,960 against the US Dollar.