JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended down 0.44% at 4887 Wednesday (June 18) alongwith further downfall of rupiah and higher crude oil price.
Some investors opted to wait and see and seek clearer direction of Indonesian politics. While regional markets moved in naarow range.
Bloomberd quoted the rupiah reached Rp12,027 against the US dollar while Bank Indonesia reported mid rate of rupiah at Rp11,978 per dollar.
The government and the House of Representatives (DPR) have jsut agreed on the revised 2014 budget due to, among others, further downfall of rupiah, falling crude oil production, and sky-high fuel subsidies.
Nymex’s crude oil increased 0.36% to US$106.25 per barrel while gold declined 0.33% to US$1,267.80 per ounce.
In Jakarta bourse, Bumi Resources dropped 5.91%, Adaro Energy fell 1.56%, Alam Sutera declined 1.96%, Jababeka slipped 2.97%, and Timah shed 2.53%.
State construction stocks were also in red due to profit taking. Waskita Karya fell 1.46%, Adhi Karya dropped 3.1%, and Wijaya Karya lost 1.55%.
Among gainers were London Sumatra (+1.77%), Bank Tabungan Negara (+3.4%), and Bumi Resources Minerals (+1.29%).