JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.2% at 51.09 Tuesday, but closed off its low. The index moved at range of 5091-5124 during the day trading.
Investors sold off consumer, trade, manufacture, and Miscellaneous Industry stocks. While finance, agriculture, mining, and property stocks closed in green.
The Central Bureau of Statistics (BPS) today revealed Indonesian economy only grew by 5.12% in second quarter of this year, the lowest since 2009. The slowdown was mainly due to the decline in government’s spending and export.
Astra International lost 1.27%, Bank Rakyat Indonesia fell 1.37%, Vale Indonesia dropped 3.25%, Kalbe Farma declined 1.2%, Perusahaan Gas Negara shed 1.64%, Matahari Putra Prima slashed 2.42%, and Bumi Resources lost 3.57%.
Among gainers were Bumi Resources (+6.28%), Adaro Energy (+1.62%), Alam Sutera (+2.91%), Lippo Karawaci (+3.17%), Bank Mandiri (+1.22%), Bumi Serpong Damai (+1.59%), and Timah (+2.14%).
Nymex’s crude oil increased 0.3% to US$98.58 per barrel and gold rose 29% to US$1,292.70 per ounce. The rupiah was traded flat at Rp11,733 against the US dollar.