JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1.8% to 4301 Wednesday (Nov 13), extending Tuesday’s loss, following the BI Rate hike. Bank Indonesia has raised its benchmark BI Rate to 7.5% on current account deficit concerns.
Reuters reported regional shares tumbled to six-week lows on Wednesday as mixed signals from Federal Reserve officials raised fresh concerns about an imminent rollback of the U.S. central bank’s asset-buying stimulus.
In Jakarta bourse, blue chip stocks led market’s fall. Astra International dropped 3.79%, Bank Rakyat Indonesia fell 3.95%, Bank Mandiri lost 3.25%, Bumi Serpong Damai shed 4.23%, Bumi Resources dropped 4.65%, Lippo Karawaci declined 3.03%, and Telkom plummeted 4.49%.
Other losers included Adhi Karya (-3.49%), Charoen Pokphand (-3.97%), Waskita Karya (-3.03%), Wijaya Karya (-4.07%), Global Mediacom (-3.63%), Matahari Putra Prima (-4.4%), Pakuwon Jati (-7.41%), and Multipolar (-5.13%).
Among gainers were Indofood (+3.2%), BW Plantation (+4.42%), and Cipaganti (+17.65%).