JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 2.61% at 5105 on Wednesday but closed off its low. The index moved at range of 5015-5524 during the day trading.
Asian stocks also mostly ended lower before a Federal Reserve policy statement expected to show the U.S. central bank in no hurry to raise interest rates, Reuters reported.
Adaro Energy fell 3.76%, Astra International lost 3.73%, Alam Sutera dropped 5.47%, Bank Central Asia shed 3.9%, and Bank Mandiri slashed 3.2%.
Other losers were XL Axiata (-8.4%), Indofood (-5.96%), Lippo Karawaci (-6.2%), Kalbe Farma (-4.8%), Jasa Marga (-7.87%), and Telkom (-3.2%).
Unilever also dropped 5.06%, Media Nusantara Citra fell 4.86%, Wijaya Karya lost 4%, and Pakuwon Jati declined 4.9%.
The index correction would be a temporary as the index has gained 32% from first week of January 2014 to its peak (within 52 weeks).
Nymex’s crude oil fell 0.77% to US$56.62 per barrel and gold declined 0.63% to US$1,206.20 per ounce. The rupiah strengthened to Rp12,964 against the US dollar.