JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.85% at 5144 on Monday (December 8), but closed off its low. The index moved at range of 5124-5207 during the day trading. Investors opted to lock in gains in certain stocks after their recent gains.
Asian shares were mostly lower on Monday after sobering data highlighted the sluggishness of the region’s key economies and tempered the lift from much stronger-than-expected U.S. employment numbers, Reuters reported.
At Jakarta bourse, investors focused selling off coal stocks. Bumi Resources and Berau Coal dropped more than 10%, Delta Dunia lost 5.43%, Bumi Resources Minerals slashed 3.17%, and Adaro Energy declined 2.23%.
Other losers were Alam Sutera (-4.17%), Bank Negara Indonesia (-3.24%), BW Plantation (-4.15%), Vale Indonesia (-3.75%), and Kalbe Farma (-3.09%). While Garuda Indonesia gained 5.3%.
Nymex’s crude oil fell 1.1% to US$65.10 per barrel while gold rebounded 0.46% to US$1,195.90 per ounce. The rupiah weakened to Rp12,352 against the US dollar.