JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed lower 0.94% at 4481 Monday (Jan. 18) inline with most markets in region.
While China shares edged up Monday following a roller-coaster week, reflecting moves by Chinese authorities to stabilize the yuan and bargain hunting by investors.
Kalbe Farma dropped 5.56%, Perusahaan Gas Negara lost 4.15%, United Tractors fell 2.92%, Indo Tambangraya slashed 2.76%, and Jasa Marga dropped 3%.
While London Sumatra gained 3.2%, Astra Agro jumped 3%, Bank Danamon rose 2.25%, AKR Corporindo hiked 3.3%, Krakatau Steel lifted 4.9%, and Garuda Indonesia surged 4.55%.
Nymex’s crude oil dropped 7.05% to US$29 per barrel while gold rose 1.5% to US$1,089.80 per ounce. The rupiah weakened further to Rp13,931 against the US dollar.