JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 2% to close at 4837 on Monday (June 15), inline with global markets.
Failure in the latest talks aimed at averting a Greek default hurt shares in Europe and Asia on Monday, Reuters reported.
On Sunday (June 14), negotiations between the leftist Greek government and its Eurozone creditors regarding bailout funds broke down within one hour as Greece failed to present new concessions to secure funding for the debt payment (1.6 million euros) to the International Monetary Fund (IMF).
Leading the market’s drop today were Adaro Energy (-7.83%), Astra International (-3.18%), Alam Sutera (-4.72%), Bank Rakyat Indonesia (-2.17%), Bank Negara Indonesia (-4.44%), Bank Mandiri (-4.8%), and Bumi Serpong Damai (-5.83%).
Investors also focused selling Eagle High Plantation (-13.1%), Jababeka (-3.66%), Kalbe Farma (-5.33%), Telkom (-1.4%), Perusahaan Gas Negara (-1.07%), Adhi Karya (-4.9%), Wijaya Karya (-4.14%), Waskita Karya (-3.67%), Global Mediacom (-1.79%), Pakuwon Jati (-5.12%), and Hanson International (-2.82%).
While Bank Graha Internasional Tbk gained 1.32%), Bekasi Fajar rose 1.08%, Visi Media hiked 2.33%, and Bank Central Asia lifted 0.38%.
Nymex’s crude oil fell 0.33% to US$59.76 per barrel and gold declined 0.14% to US$1,177.50 per ounce. The rupiah weakened further to Rp13,333 against the US dollar.