JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 2.58% to close at 4301 Monday (September 7). The index has touched its lowest year to date at 4163 on August 24.
Asian stocks were mostly lower Monday while Europe rose after Chinese officials said market turbulence was ending and uneasy investors mulled the timing of a U.S. rate hike and looked ahead to data on China’s slowing economy, AP reported.
Perusahaan Gas Negara dropped 11.43%, Semen Indonesia lost 7.46%, United Tractors shed 7.15%, Indofood fell 6.35%, Bumi Serpong Damai slashed 6.2%, Charoen Pokphand dropped 8.1%, Astra International declined 5.65%, Astra Agro lost 5.14%, and Adaro Energy down 4.3%.
Other losers were Kalbe Farma (-4.78%), London Sumatra (-4.2%), Telkom (-3.9%), Matahari Department Store (-4.85%), Media Nusantara Citra (-7.14%), Wijaya Karya (-4.55%), Multipolar (-5.2%), Pakuwon Jati (-6.7%), Matahari Putra Prima (-4.3%), and Visi Media (-4.88%).
Nymex’s crude oil fell 2.4% to US$45.61 per barrel and gold declined 0.3% to US$1,121 per ounce. The rupiah weakened further to Rp14,234 against the US dollar.