JAKARTA (Yosefardi) – Short term traders opt not too aggressive in trading stocks this week while some are awaiting another economic data scheduled to be released next week.
The economic slowdown also hit car industry, but people prefer pick-up segment. Business in players in real sector which actually utilize commercial cars are reluctant to spend for capital goods. National car sales (wholesales) dropped 14% in first quarter of this year and motorcycles sales dropped 19%.
State cement maker PT Semen Indonesia Tbk (SMGR) reported 4.7% drop in cement sales to 1.91 million tons during April 2015, the worse in the past 5 years. Year to date, its cement sales declined 1.4%.
Nation-wide, domestic cement sales reached 18.09 million tons in the first four months of 2015 (January-April), down 2.7% from 18.59 million tons in the same period of 2014.
National logistic business also fell 7-8% during January-April 2015 as trading activity for export and import and inter islands is declining. About 40% of trucks and trailer fleet in the main ports are not operated.