JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1% at 4577 Tuesday (Feb 25, led by blue chip stocks.
While Asian share markets regained some altitude on Tuesday courtesy of a tailwind from Wall Street which sped to historic highs amid more mergers buzz, Reuters reported.
Investors focused selling banking stocks. Bank Mandiri dropped 3.72%, Bank Negara Indonesia lost 2.36%, Bank Rakyat Indonesia fell 2.33%, Bank Tabungan Negara shed 4.42%.
Other losers were Telkom (-3.58%), Adaro Energy shed 3.09%, Astra International (-1.1%), Alam Sutera (-1.68%), Bumi Resources declined 1.51%, Kalbe Farma (-1.7%), and Pakuwon Jati (-5.64%).
Nymex’s crude oil fell 0.67% to US$102.13 per barrel and gold declined 0.1% to US$1,336.60 per ounce. The rupiah strengthened further to Rp11,620 against the US Dollar.