JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 0.94% to 5197 Tuesday (September 9) as profit taking hit local stocks after their recent gains. The index has gained 7.3% since June 23, 2014.
Adaro Energy lost 3.97%, Aneka Tambang fell 1.65%, Bank Rakyat Indonesia declined 1.14%, Bumi Serpong Damai shed 1.24%, and Lippo Karawaci slashed 2.4%.
BW Plantation also dropped 3.65% and London Sumatra declined 2.62%. Other losers were Bank Tabungan Negara (-2.62%), Adhi Karya (-2.28%), Waskita Karya (-2.22%), and Wijaya Karya (-1.39%).
Interesting that investors keep buying shares of Bumi Resources Minerals (BRMS). The stocks soared 12.6% with trading volume of over 22 million shares. The stock has gained 52% in the past 5 trading days.
Bumi Resources also gained 2.09%, Bank Central hiked 2.04%, Energi Mega skyrocketed 14.4%, and Visi Media rose 1.58%.
Nymex’s crude oil rose 0.49% to US$93.11 per barrel and gold rose 0.24% to US$1,260.80 per ounce. The rupiah weakened to Rp11,754 against the US dollar.