JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower by 3.16% at 4765 Thursday (April 10), a day after the general election for voting the legislative members.
Meanwhile regional markets gained as markets took heart from minutes of the Federal Reserve’s March meeting, which suggested U.S. policymakers would be more cautious about raising interest rates than some had expected, Reuters reported.
In Jakarta bourse, investors, who are expecting more effective and efficient legislative and cabinet, responded negatively the outcome of the election. None of political parties came out as dominant player in the next legislative and government.
The blue chips lost ground. Among property stocks, Alam Sutera dropped 12.1%, Bumi Serpong Damai lost 8.79%, Lippo Karawaci fell 6.67%, and Sentul City declined 4.17%.
For banking stocks, Bank Rakyat Indonesia dropped 7.37%, Bank Negara Indonesia lost 5.58%, and Bank Mandiri shed 5.85%.
Other losers were Astra International (-6.23%), Bumi Resources (-9.16%), Jababeka (-10.96%), Telkom (-3%), Adhi Karya (-13.37%), Wijaya Karya (-12.7%), Waskita Karya (-9.62%), Pakuwon Jati (-10.08%), Hanson International (-4.69%), and Bank Tabungan Negara (-8.61%).
Among gainers were Vale Indonesia (+1.28%) and Matahari Putra Prima (+1.03%).
Nymex’s crude oil inched up 0.02% to US$95.82 per barrel and gold rose 1.3% to US$1,322.90 per ounce. The rupiah weakened to Rp11,342 against the US Dollar.