JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.33% at 4,374 Monday (Oct 7), but closed off lows helped by late buying. The index gained during one and a half hour after opening but then investors opted to sell local stocks as regional markets did not support sentiment.
Regional markets also closed in red. Japan’s Nikkei lost 1.2%, Australia’s All Ordinaries declined 0.87%, and Hong Kong’s Hang Seng down 0.7%.
In Jakarta bourse, investors focused selling construction stocks. Adhi Karya dropped 9.27%, Waskita Karya lost 8.2%, and Wijaya Karya fell 5.67%.
Property stocks were also under selling pressure. Alam Sutera slided 4.84%, Bumi Serpong Damai lost 4.76%, and Lippo Karawaci dropped 5.56%. Other losers were London Sumatra (-3.15%) and Harum Energy (-3.42%).
Mining stocks were focus of buying. Aneka Tambang rose 3.47%, Vale Indonesia hiked 3.16%, and Timah climbed 5.23%. Other gainers were Matahari Putra Prima (+3.49%), Bank Negara Indonesia (+2.35%), and Kalbe Farma (+2.29%).
Nymex’s crude oil fell 1.17% to US$102.63 per barrel. The rupiah strengthened to Rp11,532 against the US Dollar.