JAKARTA (Yosefardi) – Banking stocks closed in red zone this morning trade following Bank Indonesia’s decision to keep its benchmark BI rate at 6.5%.
The rupiah also weakened further and touched Rp10,400 against the US Dollar this morning.
Bank Rakyat Indonesia led, falling by 4.2% with 32.6 million shares exchanged hands. Bank Mandiri and Bank Negara Indonesia lost 2.3% each, Bank Central Asia declined 1.86% and Bank Tabungan Negara shed 0.86%.
Investors seem to have taken profit in banking stocks after their recent gains.