JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened down 1.4% at 4355 this morning as investors opted to lock in profit in stocks after recent gains.
Investors also pulled out the market ahead of Chinese new year holiday tomorrow (Friday, Jan 31).
Asian shares were in retreat on Thursday as strains in emerging markets returned with a vengeance and the Federal Reserve further scaled back its stimulus, Reuters reported.
Nymex’s crude oil increased 0.27% to US$97.62 per barrel in Asian trading and gold rose 0.13% to US$1,263.80 per ounce.
In Jakarta bourse, Adaro Energy fell 1.57%, Astra International declined 1.95%, Kalbe Farma lost 1.4%, Perusahaan Gas Negara shed 1.37%, and Telkom down 1.35%.
Property stocks were also in red, Alam Sutera (-3.85%), Bumi Serpong Damai (-3.42%), and Lippo Karawaci (-1.57%).
Among banking stocks, ank Rakyat Indonesia shed 2.1% and Bank Mandiri lost 3.74%. For plantations stocka, BW Plantation fell 1.96% and London Sumatra fell 1.8%.
Other losers were Waskita Karya (-1.85%), Wijaya Karya (-1.04%), Multipolar (-1.44%), Pakuwon Jati (-1.6%), Matahari Putra Prima (-1.25%), and Hanson International (-1.68%).