JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange ended lower 0.36% at 5117 on Friday (May 15), as profit taking emerged, then reversed earlier morning gain.
Asian shares gained but China stocks slumped after the chairman of the China Securities Regulatory Commission said the watchdog’s recent move to accelerate approvals for initial public offerings won’t have a big impact on the market – which some interpreted as a signal IPO activity could be stepped up further, Reuters reported.
Adaro Energy lost 2.69%, Bank Rakyat Indonesia dropped 3.08%, Bank Mandiri fell 2.67%, Bank Central Asia shed 1.46%, Bumi Serpong Damai lost 1.29%, Eagle High Plantation slashed 3.61%, and Bumi Resources slipped 2%.
Other losers were Surya Citra Media (-3.55%), Bank Tabungan Negara (-2.18%), and Global Mediacom (-3.04%).
While Astra Agro gained 1.54%, Jababeka rose 1.74%, Unilever hiked 2.84%, PT PP climbed 1.52%, Matahari Department Store increased 2.5%, Matahari Putra Prima added 2.16%, Garuda Indonesia gained 1.8%, and Pakuwon Jati lifted 2.06%.
Nymex’s crude oil declined 0.42% to US$59.63 per barrel and gold fell 0.53% to US$1,218.70 per ounce. The rupiah strengthened to Rp13,090 against the US dollar.