JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 1.61% to 4818 Monday (April 18) led by blus chips stocks.
Investors who are weary with political uncertainty opted to liquidate their portfolios.
Asian equities closed mostly lower on Monday with Japanese and Shanghai shares underperforming amid rising geopolitical tensions over Ukraine, Reuters reported.
Among blue chip stocks, Astra International dropped 3.49%, Alam Sutera lost 3.64%, Bumi Serpong Damai shed 4.32%, and Bumi Resources fell 3.92%.
Other losers were Telkom (-1.48%), Lippo Karawaci (-1.84%), Bank Central Asia (-3.64%), Bank Rakyat Indonesia (-1.75%), Bank Negara Indonesia (-1.58%), Bank Mandiri (-1.52%), Bank Tabungan Negara (-4.47%), and Adhi Karya (-3.75%).
Nymex’s crude oil increased 0.8% to US$101.40 per barrel and gold rose 0.22% to US$1,303.60 per ounce. The rupiah strengthened to Rp11,568 against the US dollar.