JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 1.1% by mid afternoon trade, hit by profit taking as the index gained almost 4% Tuesday (Sept 10), a confused trading day.
Profit taking hit property and banking stocks. Among property stocks, Alam Sutera lost 4.84%, Bumi Serpong Damai shed 2.14%, and Lippo Karawaci slashed 3.6%.
For banking, Bank Central Asia fell 2.55%, Bank Rakyat Indonesia dropped 3.1%, Bank Tabungan Negara declined 2.17%, and Bank Bukopin dropped 4.69%.
Other losers were Telkom (-3.4%), Kalbe Farma (-4.29%), and Astra International (-3.94%).