JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended flat, only up 0.16%, on Tuesday (July 14) as profit taking cut earlier gains. The index moved at range of 4892-4927 during the day trading.
Regional markets also closed mixed. The further decline in crude oil prices prompted the profit taking in stocks.
Nymex’s crude oil dropped 2.34% to US$50.98 per barrel, after Iran and six world powers reached a historic nuclear deal expected to increase the supply of Iranian crude on world markets, Reuters reported.
AKR Corporindo gained 3.83%, Gudang Garam rose 2.94%, Kalbe Farma increased 1.8%, Perusahaan Gas Negara hiked 3.79%, Semen Indonesia lifted 2.2%, and Adhi Karya jumped 5.4%.
While Adaro Energy dropped 5.65%, Bank Negara Indonesia fell 3.2%, Bumi Serpong Damai lost 3.49%, Bumi Resources declined 1.85%, Eagle High Plantation shed 2%, Lippo Karawaci slipped 1.26%, and Bukit Asam dropped 4.26%.
The rupiah weakened further to Rp13,320 against the US dollar.