JAKARTA (Yosefardi) – Investors today sell off energy stocks as crude oil slid to below US$56 per barrel. At 11.18 am Jakarta time, Nymex’s crude oil fell 0.47% to US$55.65 per barrel.
Medco Energi dropped 4.13%, Energi Meda lost 3%, and Elnusa fell 4.69%. While Sugih Energy declined 0.7% and Benakat Integra slipped 0.8%.
Coal stocks were also target of sell-off. Bumi Resources Minerals dropped 5.4%, Bumi Resources slashed 4.4%, Berau Coal shed 1.52%, and Delta Dunia lost 2.94%.