JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped almost 1% on Tuesday (Jan 6) following regional markets. The index ended lower 0.97% at 5169.
While Asian shares slumped on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of riskier assets and into the safety of government bonds, Reuters reported.
Nymex’s crude oil fell further 1.58% to US$49.25 per barrel while gold rose 0.56% to US$1,210.80 per ounce. The rupiah weakened further to Rp12,658 against the US dollar.
At Jakarta bourse, coal stocks led market’s fall. Bumi Resources dropped 6.74%, Bumi Resources Minerals fell 3.06%, Berau Coal lost 4.35%, Delta Dunia shed 3.17%, and Adaro Energy slashed 1.46%.
Other losers were Astra International (-2.42%), Alam Sutera (-2.63%), Lippo Karawaci (-2.44%), Pakuwon Jati (-4.63%), and Visi Media (-4.18%).
While Garuda Indonesia gained 4.1%, Trada Maritim soared 21.29%, Adhi Karya rose 1.17%, Inovisi jumped 7.14%, and Media Nusantara Citra increased 2.58%.