JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) lost 1.2% at 30 minutes ahead of the market close on Monday (June 9) as foreign investors sold off local stocks.
Market data reported that foreign investors booked net sell of Rp283.7 billion as at 13.30 pm Jakarta time.
Foreign investors opted to buy local stocks recently when local investors dominated the selling.
Investors focus on domestic factor including a heating up campaign for the July 9 election.
Adaro Energy lost 3.4%, Aneka Tambang declined 2.54%, Alam Sutera fell 3.28%, Bumi Serpong Damai shed 2.8%, Bank Mandiri dropped 2.23%, London Suamtra lost 3.74%, Jababeka fell 3.7%, and Sentul City plummeted 8.59%.
Meanwhile the rupiah strengthened to Rp11,790 against the US dollar.