JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.4% to 5216 on Friday (May 29) while regional markets closed mixed.
Regional investors remained fearful that the world’s best performing equity market was at the beginning of a major correction, Reuters reported.
Astra Agro dropped 5.43%, London Sumatra fell 4.3%, Adaro Energy lost 4.44%, Aneka Tambang shed 6.17%, Bumi Resources slashed 7.14%, Vale Indonesia lost 5%, Unilever declined 3.67%, and United Tractors down 3.79%.
Other losers were Salim Ivomas (-6%), Japfa Comfeed (-4.9%), Adhi Karya (-3.65%), Semen Baturaja (-6.7%), Media Nusantara Citra (-3.29%), Matahari Putra Prima (-3.57%), MNC Investama (-11.49%), and Garuda Indonesia (-7.13%).
While Eagle High Plantations gained 2.8%, XL Axiata rose 2.63%, Gudang Garam increased 1.95%, Kalbe Farma jumped 4.84%, Surya Citra Media hiked 3%, Holcim Indonesia lifted 6.7%, and Hanson International surged 7.59%.
Nymex’s crude oil rose 0.9% to US$58.25 per barrel while gold inched down 0.03% to US$1,188.40 per ounce. The rupiah weakened slightly to Rp13,211 against the US dollar.