JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.66% at 5150 on Thursday (May 7), but closed off due to late sell-off. The index moved at range of 5137-5183 during the day trading.
Stocks across Asia fell Thursday on concerns about the sluggish U.S. economy and overvalued equity markets, with Shanghai dropping the most and extending a deep two-day correction, wsj.com reported.
Adaro Energy fell 2.3%, Astra International declined 2%, Aneka Tambang lost 1.2%, Alam Sutera shed 1.5%, Bank Rakyat Indonesia slashed 1.06%, Bank Mandiri slipped 1.97%, Bumi Serpong Damai fell 2.6%, and Bumi Resources lsot 2.47%.
Other losers were London Sumatra (-3.77%), Lippo Karawaci (-1.54%), Unilever (-3.93%), Indocement (-3.06%), Indika Energy (-4.5%), Gudang Garam (-4.57%), Charoen Pokphand (-5.76%), and XL Axiata (-3.98%).
While Vale Indonesia gained 3.2%, Telkom rose 2.17%, Trada Maritim jumped 14%, United Tractors surged 7.42%, Pakuwon Jati climbed 1.63%, Wijaya Karya gained 1.68%, and PT PP added 3.45%.
Nymex’s crude oil rose 0.3% to US$61.13 per barrel while gold fell 0.74% to US$1,181.50 per ounce. The rupiah weakened further to Rp13,065 against the US dollar.