JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.18% at 5400 but closed off its low. The index moved at range of 5382-5407 during the day trading.
Asian stock markets also closed mostly lower Monday after the Chinese central bank’s move to stimulate the economy underlined fears it is slowing too rapidly, AP reported.
Astra International dropped 3.45%, Bumi Serpong Damai fell 1.64%, BW Plantation declined 1%, Vale Indonesia lost 3.85%, London Sumatra shed 1.95%, and Perusahaan Gas Negara slashed 1.54%.
Other losers were Bank Tabungan Negara (-2.5%), Media Nusantara Citra (-4.27%), Global Mediacom (-1.95%), Multipolar (-1.71%), Matahari Putra Prima (-1.05%), Visi Media (-1.41%), and Bumi Resources Minerals (-4.4%).
While Berau Coal gained 5.32%, Bank Rakyat Indonesia rose 1.15%, Bank Negara Indonesia increased 1.77%, Gudang Garam jumped 3.37%, Indofood hiked 1.36%, Lippo Karawaci surged 3.02%, and Telkom up 1.07%.
Nymex’s crude oil rose 0.72% to US$57.73 per barrel and gold inched up 0.01% to US$1,203.20 per ounce. The rupiah weakened slightly to Rp12,875 against the US dollar.