JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.3% to 4,658 on Friday (July 26) while regional markets closed mixed.
IDX opened higher in morning trade but then profit taking emerged. The selling pressure in local stocks intensified in afternoon trade.
Japan’s Nikkei lost 2.97% and Shanghai fell 0.5%. While Australia, Hong Kong and Korea markets gained.
In Jakarta bourse, property stocks led market’s fall. Alam Sutera dropped 5.4%, Bumi Serpong Damai lost 3.18%, and Lippo Karawaci fell 3.68%.
Other losers were Astra International (-2.27%), Kalbe Farma (-2.86%), Bumi Resources (-1%), Waskita Karya (2.5%), Wijaya Karya (-2.3%), and Multipolar (-3.57%).
Banking stocks gained. Bank Mandiri rose 1.75%, Bank Negara Indonesia increased 1.73%, Bank Rakyat Indonesia added 0.62%, and Bank Central Asia advanced 1.47%. While Cipaganti jumped 10.17%.
Nymex’s crude oil inched up 0.08% to US$107 per barrel. The rupiah was traded flat at Rp10,265 against the US Dollar.