JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 2.1% to close at 412o Monday (Sept. 28) while Asian equity markets were mixed on Monday, with data from the world’s second largest economy in focus.
China factor pushed further down IDX after a report showing industrial companies’ profits dropped the most in at least four years added to concern the economic slowdown is deepening, Bloomberg reported.
Adaro Energy dropped 5.98%, Aneka Tambang lost 5.5%, Astra International shed 6.76%, Eagle High Plantations slashed 7.17%, Timah fell 5.43%, and United Tractors declined 5.42%.
Other losers were Kalbe Farma (-4%), Bumi Serpong Damai (-4%), Bank Danamon (-6.36%), Bank Negara Indonesia (-4.14%), Japfa Comfeed (-4.23%), Multipolar (-7.78%), and Bank Tabungan Negara (-4.3%).
Nymex’s crude oil fell 0.8% to US$45.33 per barrel and gold declined 0.7% to US$1,137.70 per ounce. The rupiah weakened further to Rp14,696 against the US dollar.