JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1.3% at 5132, but closed off its low, on concern over the political stability in the country.
Investors opted to offload the local stocks, responded negatively over the decision made by the lawmakers that voted for indirect election of governors, regents, and mayors by member of regional of regional House of Representatives (DPRD).
Adaro Energy dropped 6.27%, Bank Negara Indonesia lost 4.76%, Bank Mandiri shed 4.51%, Wijaya Karya slashed 6.16%, and Berau Coal dropped 7.14%.
Other losers were Aneka Tambang (-3.08%), Alam Sutera (-3.69%), Bank Rakyat Indonesia (-3.94%), and Jababeka (-3.72%). BW Plantation dropped further 14.8%, falling almost 40% in the past 3 trading days.
While Global Mediacom gained 4.92% and MNC Sky Vision soared 21.67% on over 1.78 million traded shares.
Nymex’s crude oil fell 0.35% to US$90.98 per barrel while gold rose 0.44% to US$1,230 per ounce. The rupiah weakened to Rp12,007 against the US dollar.