JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.4% at 4375 Monday (Dec. 14), but closed off its low as cut losses during afternoon session. The index moved at range of 4393-4374 during the day trading.
Asian stocks fell on Monday and China’s yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors’ nervousness about riskier assets ahead of an expected U.S. rate rise later in the week, Reuters reported.
The People’s Bank of China (PBOC) on Monday continued guiding its currency lower, setting the yuan/dollar official midpoint at its weakest since July 2011.
Aneka Tambang fell 2.7%, Bank Danamon dropped 4.3%, Bank Negara Indonesia declined 2.64%, Bumi Serpong Damai shed 2.73%, Charoen Pokphand lost 4.55%, Gudang Garam slashed 4.53%, Timah fell 3.38%, and Perusahaan Gas Negara dropped 7%.
While Kalbe Farma gained 1.63%, Eagle High Plantations rose 3%, Indofood CBP increased 1.5%, AKR Corporindo hiked 1.47%, and Astra International gained 3.8%.
Nymex’s crude oil fell 0.45% to US$35.46 per barrel and gold declined 0.8% to US$1,067 per ounce. The rupiah weakend further to Rp14,076 against the US Dollar.