JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) inched down 0.05% to close at 4876 Monday (March 17), relatively flat, but trade was very volatile. The index moved at range of 4,845-4903.
Market’s euphoria stopped today, after the Jokowi effect (the nomination of Jakarta governor Joko Widodo as president candidate) boosted the index to gain by more than 3% on Friday last week (March 14). The buyers and sellers of local stocks was balance today.
Bank Rakyat Indonesia fell 2.9%, Bank Mandiri declined 1.7%, BW Plantation shed 1.5%, Telkom lost 1.3%, and Wijaya Karya down 1%.
Among gainers were Alam Sutera (+3.94%), Jababeka (+10.08%), Lippo Karawci (+9.69%), London Sumatra (+2.45%), Adaro Energy (+1%), and Astra International (+1.6%).
Asian shares hovered around one-month lows on Monday as Western countries issued fresh warnings of more sanctions on Moscow after Crimea voted overwhelmingly to break from Ukraine to join Russia, as expected, Reuters reported.
Nymex’s crude oil retreated 0.32% to US$92.65 per barrel while gold increased 0.18% to US$1,381.50 per ounce. The rupiah strengthened to Rp11,272 against the US Dollar.