JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.43% at 5219 on Monday (Jan 5), but closed off its law. The index moved at range of 5206-5233 during the day trading.
Asian markets also mostly closed in red on weak prospects for global growth.
Adaro Energy fell 1.44%, Astra International declined 2.36%, Alam Sutera shed 1.72%, Bank Negara Indonesia slipped 1.23%, and Perusahaan Gas Negara slashed 1.26%.
Construction stocks were focus of selling today, after recent gains. Adhi Karya dropped 4.34%, Waskita Karya lost 4.1%, and Wijaya Karya declined 2.72%.
Among gainers were Bumi Serpong Damai (+3.22%), Bumi Resources (+2.3%), London Sumatra (+1.3%), Garuda Indonesia (+7.96%), Trada Maritim (+24.64%), and Bumi Resources Minerals (+2.08%).
Nymex’s crude oil fell 1.73% to US$51.78 per barrel while gold rose 0.67% to US$1,194.20 per ounce.
Oil prices dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies and lackluster demand dragged on oil markets, Reuters reported.
The rupiah weakened further to Rp12,589 against the US dollar.