JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.56% at 4326 Thursday (Nov 21), but closed off its lows. Regional markets also closed in red zone.
Coal stocks led the market’s correction. Bumi Resources lost 3.75%, Adaro Energy down 1.71%, Indika Energy fell 2.63%, and Bumi Resources Minerals dropped 4.17%.
Among blue chip stocks, Alam Sutera dropped 3%, Kalbe Farma shed 1.56%, Lippo Karawaci declined 1.09%, and London Sumatra fell 1.64%.
Other losers were Adhi Karya (-1.76%), Waskita Karya (-1.09%), Wijaya Karya (-1.76%), Multipolar (-2.56%), and Bumi Resources Minerals (-4.17%).
Among gainers were Global Mediacom (+1.6%), Visi Media (+1.75%), Aneka Tambang (+2.3%), Astra International (+2.29%), and Bumi Serpong Damai (+1.45%).
Nymex’s crude oil inched down 0.1% to US$93.75 per barrel. Gold declined 0.98% to US$1,245.70 per ounce. The rupiah weakened further to Rp11,717 against the US Dollar.