JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange ended lower 0.58% at 4484 on Wednesday (August 19), extended yesterday losses.
Asian shares retreated to two-year lows on Wednesday after Chinese stocks extended their plunge, continuing to stoke fears about the stability of China’s economy, Reuters reported.
Bank Central Asia lost 2.1%, Bank Danamon fell 2.7%, Bank Mandiri declined 1.14%, Eagle High Plantation dropped 3.96%, Charoen Pokphand shed 2.79%, Vale Indonesia slashed 4.6%, Indika Energy dropped 4.63%, Jasa Marga lost 3.2%, and London Sumatra fell 2.35%.
While Timah gained 2.65%, XL Axiata rose 2.6%, Indofood CBP increased 1.4%, Aneka Tambang jumped 3.88%, Bank Rakyat Indonesia climbed 1.02%, and Bank Negara Indonesia hiked 1.84%.
Nymex’s crude oil inched up 0.02% to US$43.12 per barrel and gold rose 0.41% to US$1,121 per ounce. The rupiah was traded flat at Rp13,824 against the US dollar.