JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher this morning but profit taking has led it into red zone, down 0.4% to 4565 at 9.18 am Jakarta time.
Asian shares were subdued in early trade on Friday, but still on track for a steep weekly loss in the wake of China’s shock currency devaluation earlier in the week, Reuters reported.
Nymex’s crude oil declined 0.26% to US$42.87 per barrel in Asian trading this morning and gold fell 0.1% to US$1,114 per ounce.
Astra Agro fell 1.78%, Adaro Energy declined 1%, Astra International shed 1.95%, AKR Corporindo dropped 3.46%, Alam Sutera slashed 1.77%, Bank Mandiri shed 1.1%, Eagle High Plantation lost 1.45%, and XL Axiata fell 2.15%.
Other losers were Indofood (-2.83%), Indocement (-1.05%), Indo Tambangraya (-2.88%), Jasa Marga (-1.39%), Jababeka (-2.85%), London Sumatra (-1.29%), Bukit Asam (-2.36%), and Semen Indonesia (-1.13%).