JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1.68% to 5015 on Monday (June 8) following regional markets.
Asian shares extended losses on Monday as weak Chinese imports increased concerns over a slowdown in the world’s second largest economy, while the dollar was steady after U.S. jobs data raised chances for a U.S. interest rate hike as early as September, Reuters reported.
Investors focused selling banking stocks today. Bank Mandiri lost 3.51%, Bank Negara Indonesia dropped 3.2%, Bank Rakyat Indonesia shed 2.65%, and Bank Tabungan Negara fell 2.17%.
Investors also focused selling shares of Perusahaan Gas Negara (0.12%-), Eagle High Plantation (-2.42%), Pakuwon Jati (-4.2%), Kalbe Farma (-2.3%), and Matahari Department Store (-6.7%).
Other losers were Adaro Energy (-3.35%), AKR Corporindo (-4.39%), Alam Sutera (-4.3%), Bumi Serpong Damai (-5.73%), Bumi Resources (-9.2%), XL Axiata (-9.44%), Vale Indonesia (-5.48%), PTPP (-4.05%), Adhi Karya (-4.58%), Wijaya Karya (-3.78%), Media Nusantara Citra (-5.94%), and Global Medicom (-6.94%).
While Sri Rejeki Isman, the most actively traded stock, gained 0.58%. Telkom was traded flat.
Nymex’s crude oil fell 0.76% to US$58.68 per barrel while gold rose 0.44% to US$1,173.20 per ounce. The rupiah weakened further to Rp13,360 against the US dollar.