JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 1.04% Wednesday (September 10) following regional and global markets.
Investors sold off the stocks with concerns over when the U.S. Federal Reserve might start to raise its benchmark interest rate causing, cnbc.com reported.
Among blue chip stocks, Adaro dropped 3.38%, Aneka Tambang lost 3.36%, Astra International fell 2.33%, Bumi Serpong Damai shed 3.77%, Bumi Resources slashed 4.1%, BW Plantation dropped 5.2%, Vale Indonesia lost 7.16%, London Sumatra fell 4.3%, and Timah down 4.74%.
Pakuwon Jati also lost 3.69% and Hanson International fell 5.2%.
While Bumi Resources Minerals gained 4.98%, Berau Coal rose 3.2%, and Visi Media jumped 4.16%.
Nymex’s crude oil rose 0.12% to US$92.86 per barrel and gold increased 0.15% to US$1,254 per ounce. The rupiah weakened to Rp11,782 against the US dollar.