JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1.28% at 5032, but closed off its low as late buying helped. The index moved at range of 5002-5078.
Investors opted to lock in gains amid the uncertainty of presidential election results.
After war of quick counts, Prabowo and Jokowi camps have started wars of real counts, especially in ‘strategic areas’, including East Java.
Asian share markets also closed in red on Friday as troubles at a small Portuguese bank managed to wrongfoot investors already made anxious by the U.S. earnings season and a spate of disappointing economic data globally, Reuters reported.
Nymex’s crude oil declined 0.36% to US$102.56 per barrel and gold inched down 0.03% to US$1,338.80 per ounce. The rupiah weakened to Rp11,627 against the US dollar.
At Jakarta bourse, Adaro Energy dropped 4.24%, Astra International fell 3.5%, Bumi Serpong Damai lost 4%, and Lippo Karawaci shed 3%.
Other losers were Timah (-2.1%), Vale Indonesia (-2.97%), Bank Negara Indonesia (-2.42%), Alam Sutera (-2.35%), and BW Plantation (-2.45%). Visi Media, controlled by Bakrie Group dropped 6.4%. While Bumi Resources of Bakrie gained 3.85%.