JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.34% to 4847 Friday (June 20) with the selloff taking place an hour ahead of the market close. The index moved at range of 4847 to 4884 during the day trading.
The index gained at early morning trade but then turned into red zone at the morning trade session. During the afternoon trade, the index regained ground to close as flat. Unfortunatley, the selloff occured and dragged the index down again.
Shares of giant coal miner Bumi Resources dropped further 7.27% amid debt concern. The stock fell 5.7% on Thursday (June 19). Bumi proposes to bondholders to let it repaying $375 million of notes within seven years instead of seven weeks.
Adaro Energy fell 3.66%, Borneo Lumbung plummeted 15.74% but in light volume, Timah shed 3.4%, Vale Indonesia slashed 2.2%, Aneka Tambang slipped 1.32%, and Matahari Putra Prima lost 3.75%.
Among gainers were Alam Sutera (+4.79%), Bumi Serpong Damai (+2.62%), Jababeka (+1.35%), and Kalbe Farma (+1.25%).
Nymex’s crude oil declined 0.1% to US$105.93 per barrel and gold fell 0.4% to US$1,308.80 per ounce. The rupiah weakened again to Rp11,967 against the US dollar.