JAKARTA (Yosefardi) – Some investors started collecting again certain stocks since mid afternoon trade, helping composite index of the Indonesia Stock Exchange (IDX) to close off its low on Tuesday (August 20).
The index dropped by up to 5.69% but then the drop was cut to 3.21%, closing at 4,174. While Japan’s Nikkei and Hong Kong’s Hang Seng fell 2.63% and 2.2% each. Korea’s Kopsi and Singapore’s Straits Times also lost more than 1%.
In Jakarta bourse, Bumi Resources Minerals plummeted 31.52%, Visi Media the dropped 24.76% (second most actively traded), and Bank Rakyat Indonesia, the most actively traded stock, fell 4.2%.
Also in heavy trade, Global Mediacom lost 10.6%, Telkom declined 1.89%, Media Nusantara Citra shed 6.09%, and Semen Indonesia slided 4.96%.
While Bank Mandiri regained ground by 1.96% and Astra International closed flat.
Nymex’s crude oil fell 0.75% to US$106.30 per barrel. The rupiah weakened further to Rp10,504 against the US Dollar.