JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.79% to 5419 on Wednesday (March 11), led by falls of blue chip stocks.
Asian stocks skidded to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier U.S. interest rate hike, a prospect that sent the dollar to a 12-year high against the euro, Reuters reported.
Among blue chip stocks, Alam Sutera dropped 5.13%, Bumi Serpong Damai fell 2.9%, Adaro Energy lost 3.05%, Bumi Resources shed 2.2%, Bank Mandiri declined 1.25%, Bank Central Asia slashed 1%, Jababeka slashed 3.87%, and London Sumatra down 1.6%.
Other losers were Adhi Karya (-3.58%), Waskita Karya (-3.52%), Global Mediacom (-3.67%), Pakuwon Jati (-3.56%), and Garuda Indonesia (-2.9%).
While Matahari Putra Prima gained 1.72%, Trada Maritim rose 5.8%, and Unilever Indonesia hiked 2.51%.
Nymex’s crude oil rose 0.9% to US$48.73 per barrel and gold increased 0.14% to US$1,163.60 per ounce. The rupiah fell further to Rp13,164 against the US dollar.