JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.37% at 5086, but closed off its low as it lost by 1.2% in early morning trade. The index has fallen 2.69% year to date.
Foreign investors booked net sell of Rp1.3 trillion, cutting year to date net buy to Rp11.29 trillion. Noted that foreign transaction on shares of PT Golden Energy Mines Tbk (GEMS) reached Rp14.72 trillion, meaning that foreign investors have booked net sell of Rp3.43 trillion on regular market year to date.
Investors mostly sold miscellaneous stocks today which fell 2.39% and basic industry and chemicals stocks that lost 2.14%. While infrastructure-utilities-transportation stocks declined 1.7%.
Year to date, basic industry and chemicals has fallen 20.2%, infrastructure-utilities-transportation dropped 13.63% and miscellaneous industry fell 7.59%.
Agriculture and mining stocks have also fallen 14.73% and 12.49% respectively.
Meanwhile, trade-service-investment sector gained 7.97% year to date and consumer goods stocks rose 6.49%. Property-real estate-building construction also increased 2.59% and finance gained 1.87%.
Astra International led market correction today as it dropped 3.5% with market capitalization of Rp277 trillion. Other laggard stocks were Telkom (-3.1%) with market cap of Rp264 trillion, Gudang Garam (-4.3%), Perusahaan Gas Negara (-3.9%), and Semen Indonesia (-3.7%).
Otherwise, Bank Mandiri gained 1.9% with market cap of Rp248 trillion, Indofood CBP rose 4.3%, Elang Mahkota increased 4.5%, Unilever added 0.8%, and Matahari Department Store gained 2.9%.
Indonesian stock market will close tomorrow (Friday) for May Day.