JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.5% at 5321 on Tuesday, reversing its early morning gain.
Asian equities slipped as tensions over Greek debt terms and escalating conflict in Ukraine sapped risk appetite, Reuters reported. Investors still also concern on the unexpectedly weak trade report from China over the weekend.
At Jakarta bourse, Astra Agro fell 1.88%, BW Plantation declined 1.6%, Bank Danamon dropped 4.55%, Indofood lost 1.67%, and Semen Gresik shed 1.17%.
Other losers were Wijaya Karya (-1.66%), Global Mediacom (-1.61%), and Multipolar (-3.66%).
While coal stocks gained. Berau Coal surged 16.22%, Delta Dunia jumped 4.08%, Bumi Resources gained 1%, Adaro Energy rose 1.53%, and Borneo Lumbung climbed 4%.
Investors responded positively over the government’s decision to cancel the application of customs exit for coal.
Nymex’s crude oil fell 1.53% to US$52.05 per barrel and gold inched down 0.06% to US$1,240.80 per ounce. The rupiah strengthened to Rp12,644 against the US dollar.