JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended flat, inched down 0.09%, at 5137 Tuesday (September 30) but trade was volatile. The index moved at range of 5102-5151.
World markets were in hesitant mood on Tuesday as investors wondered what China’s response would be to civil unrest in Hong Kong.
Trading in local stocks were remain affected by political risks. The Constitutional Court (MK) has on Monday (Sep. 29) fully rejected a request of judicial review on the newly revised Legislative Institution Law (also known as the MD3 Law) No. 17/2014, paving the way for Prabowo Subianto’s Red-and-White coalition to fully control the 2014-2019 House of Representatives (DPR).
While 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).
Bank Negara Indonesia fell 1.34%, Bumi Serpong Damai lost 1.59%, Vale Indonesia dropped 2.47%, Jababeka shed 2.38%, and Lippo Karawaci slashed 2.08%.
While BW Plantation jumped 20.65% after losing 52% in the past two weeks. London Sumatra also gained 2.7%.
Nymex’s crude oil increased 0.12% to US$92.89 per barrel while gold inched down 0.09% to US$1,220.50 per ounce. The rupiah weakened further to Rp12,212 against the US dollar to follow other regional currencies.