JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) inched down 0.04% to close at 4,169 on Friday (August 23), closed off lows, while most market in region closed in green zone.
Hang Seng, Shanghai also ended lower. While Japan’s Nikkei and Korea’s KOSPI gained 2.2% and 1.14% repectively.
IDX gained in morning session but then turned into negative territory in afternoon trade, after the government announced a series of policy package for helping recent market corrections and rupiah drop against the US Dollar.
Alam Sutera dropped 6.78%, Lippo Karawaci fell 2.78%, Visi Media plummeted 12.72%, and Bumi Resources declined 2.35%.
Among gainers were Media Nusantara Citra (+8.65%), Global Mediacom (+3%), Bank Rakyat Indonesia (+3.1%), Kalbe Farma (+3.08%), and Trada Maritim (+2.13%).
Nymex’s crude oil inched up 0.04% to US$105 per barrel. The rupiah was traded at Rp10,848 against the US Dollar. (yohanneso@yosefardi.biz)