JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended up 0.18% at 5142 Monday (September 29), reversed earlier losses. The index moved at range of 5082-5142.
Investors collected back local stocks on expectation the Constitutional Court will annul decision made by the lawmakers that voted for indirect election of governors, regents, and mayors by member of regional of regional House of Representatives (DPRD).
Media reported ten requests for a judicial review of the controversial Regional Election Bill (RUU Pilkada) have been submitted to the Constitutional Court on Monday (Sep. 29) morning.
While the unrest dragged down Hong Kong’s Hang Seng by as much as 2.5% in intraday trade, touching its lowest levels since July, and to close lower 1.9%.
Nymex’s crude oil fell 0.73% to US$91.35 per barrel while gold rose 0.39% to US$1,222.90 per ounce. The rupiah weakened further to Rp12,120 against the US dollar.
In Jakarta bourse, Bank Central Asia gained 2.15%, Bank Negara Indonesia rose 1.82%, and Telkom increased 1.04%.
Property stocks closed in red. Alam Sutera lost 2.55%, Bumi Serpong Damai fell 1.88%, and Lippo Karawaci dropped 3.03%. Other losers were Jababeka (-2.7%), London Sumatra (-1.07%), Timah (-1.61%), Matahari Putra Prima (-3.45%), and Berau Coal (-6.15%).
Construction stocks also fell. Adhi Karya declined 1.43%, Waskita Karya lost 2.92%, Wijaya Karya corrected 2.25%.